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SERVICES
Our Practice
TRUST & ESTATE ATTORNEY
SERVING
CARSON VALLEY
& LAKE TAHOE
From creating a comprehensive estate plan, to drafting a last will and testament, and managing assets in the administration of a trust or probate estate, you can rely on The Carson Tahoe Estate Planning Center, LLC., to provide the insight necessary to navigate your trust and estate matters.
Here's How We Can Help
KNOWLEDGE
IS PRIVILEDGE
What Happens When a Person Passes?
ESTATE PLANNING
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By drafting an estate plan, an individual can avoid unnecessary costs and delays in getting their estate distributed where they want it to go.
01.
TRUST ADMINISTRATION
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When the person who created a trust dies, it is necessary to value the assets held in that trust. It is also necessary to file tax returns, to move assets to designated accounts, and to keep accurate records of all reports and financial records.
02.
PROBATE
If an individual dies without an effective estate plan in place, the estate will need to be administered through probate.
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03.
CT
EP
ESTATE PLANNING
An estate plan prepared by our firm contains a full set of documents personalized to you, prepared by an attorney that gets to know you and your family.
The most common estate planning documents that our office will assist you with are as follows:
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Revocable or Irrevocable Trust
Last Will and Testament
Powers of Attorney
Advance Health Care Directive
Nomination of Guardian for Minor Children
TRUST ADMINISTRATION
The trustee must collect all property belonging to the trust, identify and pay all obligations of the settlor, manage the trust property, file tax returns and finally distribute the trust property to the beneficiaries.
The trustee is a fiduciary and must exercise at least ordinary business ability to avoid legal challenges along the way and must comply with the prudent investor rule in the management of the trust assets.
PROBATE
Probate is the legal process of passing property from a deceased person (called the “decedent”) to their beneficiaries or heirs.
Probate is necessary to transfer title to property such as bank accounts, real property and automobiles that the decedent owned at death. A personal representative, an executor is named in the will or an administrator if appointed by the court, will be approved by the court to probate the decedent’s estate.
The personal representative’s duties include notifying all creditors of the decedent’s death, filing an inventory and appraisal listing all assets, and the court-appointed referee will appraise the assets.
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