When a loved one dies, their assets cannot be distributed until the estate goes through probate - even if they have a valid will. Probate is a court-supervised procedure of administering the individually-owned assets of the decedent. The process can be stressful, time-consuming, and costly to navigate.
At Applegate & Dillman Elder Law, we handle all the probate and trust administration details to allow your family to focus on grieving your loss. We work with a dedicated team of lawyers who will help you plan, file, and process the necessary paperwork for court proceedings.
What Is the Cost of Probate in Indiana?
The probate costs vary from one case to another, and they may include notification fees, missed opportunities, administration fees, the expenses of the executor and lawyer, and court filing fees. The average costs for administering probate in Indiana range between 4 and 11 percent of the entire estate value.
Probate is a complicated process that can consume a lot of money in the form of probate fees and keep your family waiting for months to receive a penny. Fortunately, you can avoid probate by preparing a formal estate plan. At Applegate & Dillman Elder Law, we have assisted hundreds of clients around Indiana to avoid probate through estate planning. We can help you or your loved ones prepare an estate plan customized to meet your specific needs.
What Is Trust Administration?
When a family member passes away and has a trust in place, trust administration needs to be performed. If you have been appointed to administer a trust, it is worth noting that if the trust’s content is improperly administered, the trustee can be held personally accountable. Many things come into play when executing a trust, such as the cost of administration and tax issues, and they should not be overlooked.
In some cases, conflicts may arise over who receives what portion of assets and whether relevant laws have been followed in the trust administration process. These issues may lead to litigation, financial consequences, and costly delays for families and trustees. That is why you need the attention and help of a lawyer to administer the trust.
Benefits of Hiring a Trust Administration Attorney
A trust administration attorney can help protect your family's interests and guide you through every step of the trust administration process if you decide to serve as a trustee. An attorney can also recommend a suitable person to take that role on your behalf.
Why Choose Applegate & Dillman Elder Law?
We have in-depth knowledge and experience in estate planning, trust administration, and litigation. When you work with us, you can rest assured we will handle every aspect of the probate process. You can also rest assured knowing that the most complicated issues are being handled with the utmost care and professionalism.