Estate Administration on the North Shore of Chicago

Last updated on August 12, 2024

Serving as the administrator of someone’s estate involves more than honoring your loved ones’ wishes; it’s also about adhering to the law. Because of the complexity of this process, many problems could arise throughout your duties.

Your family may have an idea of what estate administration looks like, but failing to follow the law can be financially and legally ruinous. This can put you in a difficult and confusing position. However, our estate planning attorneys at North Shore Estate Planning have the experience and knowledge to help you fulfill your duties.

Contact us at 847-464-9825 or schedule an appointment online for a free 15-minute consultation.

Supporting Executors through Legal Hurdles

Executors face many legal struggles and complexities throughout the course of estate administration. These challenges can include:

• Complex probate: Navigating the probate process can be confusing and time-consuming.
• Managing debts: Executors must ensure all debts are paid before distributing assets.
• Distributing assets: Properly distributing assets according to the will, trust documentation and state laws is crucial.
• Handling disputes: Executors may need to resolve conflicts among beneficiaries, which can be emotionally taxing and legally complex.
• Tax obligations: Executors must understand and manage any tax liabilities associated with the estate, including filing necessary tax returns.
• Maintaining records: Keeping detailed and accurate records of all transactions and decisions made during the estate administration process is essential to avoid legal issues.

Missteps in any of these areas can be disruptive and costly, creating delays and conflicts. Because many people have little or no experience fulfilling these obligations, having knowledgeable guidance is vital. Our estate administration lawyers have the capacity and knowledge to guide you through these hurdles.

What Is Fiduciary Duty?

Fiduciary duty is the responsibility to act in the best interest of the estate and its beneficiaries. Executors must manage the estate with care and loyalty. Failing to do so can lead to legal consequences and actions, including removal. Understanding your fiduciary duty is essential to avoiding mistakes when settling an estate.

Take Control of Estate Administration Today

Administering an estate requires professionalism and attention to detail, which is where our award-winning legal team excels. We can help you understand your duties and overcome obstacles. Call 847-464-9825 or contact us online for a free consultation.