Maryland Estate Administration Attorney
Few individuals are fully prepared to deal with the administration of an estate. It’s usually a delicate time for someone charged with this important task, and it’s often the case that an administrator has little to no experience with the process.
Lusk Law, LLC can help. Contact us today to learn more about our legal services.
The Business of Estate Administration
Estate administration can be complex, and this overwhelming responsibility comes at a time when the administrator is coping with the loss of a loved one. Missteps, oversights and inadequate planning can make this process lengthy, tedious and, in some cases, costly.
At Lusk Law, LLC, we aid clients with estate administration to make sure that the process goes smoothly and requires minimum effort for those going through an already challenging period in life. If you’d like to learn more about our services, we encourage you to contact us today to speak to our team.
How We Can Help
There are many steps involved in the administration of an estate, and each situation is unique. We assist clients with all their needs, including…
- Overseeing or advising distribution of estate assets
- Property valuations
- Inventory of estate assets
- Complying with relevant statutes
- Payment of taxes and debts
- Administration of trusts
These are just a few of the ways in which we can help our clients. The complexity of an estate’s administration hinges on the size of the estate, the value of assets, the amount of debt left behind, the number of parties involved and a host of other factors. When you work with Lusk Law, LLC, we make sure that the process is as simple as possible.
What Is The Difference Between an Executor and an Administrator?
An executor is appointed in someone’s will, while an administrator is appointed by a court to handle the process of estate administration. The responsibilities are essentially the same, but without a will setting forth the deceased’s wishes, the task of an administrator is more difficult.
Whatever role you have in the handling of an estate, we can help guide the way. Lusk Law, LLC, helps clients understand the process and make decisions that are in the best interests of all the parties involved.
Minimizing Tax Liability
One of the most complex aspects of estate administration is compliance with tax law. Compliance is obviously the top priority, but tax considerations go beyond simply paying taxes in accordance with the law. There is also an opportunity to lessen the tax burden faced by the survivors of the deceased.
It’s in survivors’ best interests to reduce tax liability when possible. We work closely with experienced accountants, to make sure our clients are not only in compliance with tax laws, but also taking advantage of the opportunities given by tax codes.
Helping Families Through a Difficult Time
Whether or not the deceased left behind a will, surviving family members are facing a very difficult time. A complicated or contentious estate administration makes this time even more challenging, and it’s often true the disputes and uncertainty over an estate leave marks that take a long time to heal.
Some conflicts might be inevitable, but with an experienced Maryland estate administration attorney’s assistance, you can minimize some of the most tedious, wasteful and confusing aspects of the estate administration process and leave as little to chance as possible.
Planning for Your Future? We Also Help with Estate Planning.
As you can see, the estate administration process is complicated for those unfamiliar with the process. At Lusk Law, LLC, we help our clients with all their estate needs. If you are interested in planning your estate to make sure your wishes are made clear to your loved ones, we can help plan your estate to reflect your interests and make life less complicated for your loved ones.
Taking care of these important issues now will eliminate uncertainty for your family. If you want to speak to our team, don’t hesitate to contact us today.
Contact Our Maryland Estate Administration Lawyers
Estate administration doesn’t need to be as complex as it might seem. At Lusk Law, LLC, we help clients navigate so many of the most complicated legal issues they face. From administering an estate to running a business, we simplify our clients’ lives by looking for advantages, avoiding costly mistakes and handling the overwhelming tasks they encounter.
If you need help, we’re here for you. Contact Lusk Law, LLC, today to schedule a meeting with our team.
Our Legal Services
The Top 5 Legal Mistakes Maryland Landlords Make
While it is nice to earn income by renting property, it won’t be worth it if you make legal mistakes and end up being sued in a landlord-tenant dispute.…