A key component within the overall estate planning process is estate administration. Estate administration is the procedure by which a person’s financial dealings are managed and distributed to their heirs after they die. In other words, when a person with assets and property dies is when the estate administration process begins for the executor of the estate.
Read MoreMany of us may perceive trusts as a complex subject better left to our attorney. However, a trust is simply a contract initiated by a grantor who agrees to transfer assets to a beneficiary, who then receives the assets as stipulated in the trust contract.
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