Probate & Trust Administration
Losing a loved one is emotionally difficult, even when death is expected. Dealing with the complexities of a loved one’s estate can be an overwhelming experience. When counseling clients in estate planning, Ken tells them that you are doing no one a favor by appointing them as your trustee or executor; it is they who are doing you a favor if they agree to serve.
There are complex procedures involved in the administration and distribution of the assets of an estate. While many people want to handle everything themselves to save money, most people have no idea what needs to be done, and when the administration of an estate is delayed because the trustee or executor is trying to learn about what he or she needs to do, litigation often results.
As a Certified Specialist in Estate Planning, Probate & Trust Law, as certified by the State Bar of California Board of Legal Specialization, Ken and his team know how to expedite the process of probate and trust administration. Our team is committed to guiding those charged with fiduciary responsibilities through this process efficiently and effectively. However, complicated tax and other issues can arise, and the executor, administrator or trustee may be required to defend claims against either him/her or the estate. The fiduciary's performance may be questioned by disappointed relatives or other beneficiaries and creditors who have claims against the estate.
Fiduciaries can be sued for various reasons, including suspicion of financial negligence. Our team has extensive experience in forestalling if possible, and if not possible, handling these lawsuits.
Panitz & Kossoff will help you define and carry out your duties as executor, administrator or trustee no matter what obstacles arise.
If you need assistance in any of these areas, do not hesitate to call Ken at (818) 865-0766 or (805) 497-6299.