Trusts Administration with San Francisco County Trusts Attorney
The Law Offices of Linda Ross Myers handles Trusts administration for Bay Area clients based on their needs. There are many different types of Trusts, and your Trust will be selected and crafted by Ms. Myers, an experienced San Franciso County Trusts attorney, to serve the objectives of your estate.
A trust is a written agreement transferring personal property, assets, or real estate to a designated person called a trustee. The trustee holds and financially manages the estate and also distributes the property to beneficiaries based on terms of the trust. Trusts are often part of a complete estate plan, often created by an attorney at a probate law firm.
When a person dies with assets, administration of the estate is required, even if they already have a Trust. Because there are many variables, the length of the administration period will vary from case to case. An estate that is being contested, or contains complex assets or tax issues will typically take longer to administer.
If the decedent has a Trust, the assets can be administered without Court supervision. Trust administration usually concludes more quickly than a Court Supervised Probate proceeding, and the administration fees are generally lower.
If the decedent dies without a Trust, formal Probate proceedings may be required. A probate estate will be open for a minimum of four months. The average, non-contested Probate proceeding typically takes one year. Fees for administering a Probate estate are set by state and local statute.
Trusts Attorney in San Francisco County
Linda Ross Myers is an experienced San Francisco County Trust attorney. Consultations are confidential and at no obligation. Call 415-230-5347or contact us online today.
Ms. Myers also offers legal help as a probate lawyer with legal wills in San Francisco and other forms of estate planning.