Probate and Trust Administration Racine, Wi

Probate & Trust Administration

Probate is a court-supervised process used to transfer assets and pay debts. When a loved one dies, it is common to wonder if probate will be necessary and, if so, how long it will take and how much it will cost. Rebecca Mason Law, LLC, can help guide you through the process.

If the assets of your loved one were owned through a well-drafted and properly funded trust, it is unlikely that court-managed administration is necessary. As designated by the trust, the successor trustee will need to administer the distribution of the deceased’s assets.

Whether probate is necessary depends on a variety of factors, including the size of the estate, the existence of a trust or valid will, accounts with pay on death (or POD) beneficiary designations, and ownership of real estate. Wisconsin law allows for an informal and formal probate.

Probate typically takes about one year, and the costs (attorney fees, personal representative fees, publication and filing fees) vary depending on the size and complexity of the estate, and whether the beneficiaries are in agreement.

The team at Rebecca Mason Law works closely with clients to ensure the probate or trust administration process is completed in a timely and effective manner, and according to the wishes of each client.

We specialize in creating estate plans, wills, trusts, guardianships, protective placement and business succession planning.

%d bloggers like this: