Assisting Estate Administrators and Executors
Serving as an estate administrator or executor is a monumental responsibility, and navigating this complex legal landscape on your own can be overwhelming. Furthermore, failure to abide by Virginia state laws can have lasting implications that may negatively affect your loved one’s wishes.
GBSR Attorneys provides guidance to those serving as estate administrators and executors. Our experienced attorneys have worked with estate administrators and executors in areas across Southwest Virginia including Roanoke, Smith Mountain Lake, Salem, Lynchburg, and Franklin County.
Our attorneys are experienced in the estate administration process and provide expert legal counsel for the following matters, among others:
Understanding the process for becoming the personal representative of an estate and knowing the rights and responsibilities involved in assuming this role.
- Asset management
Guidance in creating an inventory of assets, determining their value, and distributing them per your loved one’s wishes.
Assistance with filing the appropriate paperwork with the Commissioner of Accounts as well as personal and fiduciary tax returns.
Understanding Revocable Living Trusts
Revocable Living Trusts have gained in popularity because they can be utilized to keep estates out of the court-based probate system. However, failure to manage assets properly can cause those assets to fall back into probate once your loved one passes. This may result in increased costs as well as contention over the ownership of the assets in question.
The attorneys at GBSR are experienced in the field of revocable living trusts. We provide guidance from start to finish so that you have a clear understanding of the entire process.
We welcome the opportunity to learn about your unique circumstance and provide you with the best legal counsel in Roanoke, Lynchburg, Smith Mountain Lake, and surrounding areas.