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Make A Plan,
See It Through,
Leave A Legacy

Make A Plan, See It Through, Leave A Legacy
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The Duties Of Estate Administration

When a loved one dies, there are many tasks to undertake. When that loved one leaves an estate that has multiple and varied large assets, the administration of the estate can be more complex. If you are the designated administrator (executor), the task of closing the estate can feel like a full-time job.

The team at the Law Offices of Karen J. La Madrid understands the daunting responsibility and time commitment of this role. With over 30 years of legal experience, attorney Karen J. La Madrid offers premier guidance in California estate and trust administration.

The Roles Of  Administrators And Trustees

Closing an estate requires focus and the ability to meet deadlines, file documents, communicate with heirs, file taxes and put out required notices. This role can take many hours per week. The entire process can take six months to a year or longer, depending on the size and complexity of the estate and whether California probate is involved as part of the process.

An executor or personal representative of the estate has many duties. These include:

  • Collecting the assets
  • Paying the debts and taxes of the estate
  • Filing a final tax return for the deceased
  • Determining if a federal estate tax filing needs to be made
  • Managing the real estate sale(s) if necessary

In trust cases, the trustee has a fiduciary duty toward the beneficiaries to properly administer the trust. A trustee can be sued for breach of fiduciary duties by the beneficiaries if they believe the trustee is violating those duties.

If you have been named a trustee or executor and need assistance with the role, Karen offers seasoned guidance on how and when to execute your duties in accordance with California law. Karen and her team also help clients create trusts and wills and assist in selecting appropriate executors, powers of attorney, health care proxies and trustees.

The Help, Support And Information You Need

Karen J. La Madrid offers over three decades of California estate planning experience. She and her team are here to help ensure that you receive the highest level of service and guidance. Call 951-224-9209 in Riverside to speak with us. You can also reach the team via our website contact email. We’ll help you make a plan, see it through and leave a legacy.