When a loved one passes away, you may be in charge of settling their affairs. This can be a daunting task, especially when you may still be grieving. The attorneys at La Grasso, Abdo & Silveri, PLLC can assist you in navigating the process during this difficult time. Whether your loved one had a Living Trust, a Last Will & Testament, or neither, our attorneys are skilled at identifying assets and debts, and disposing of them in the most optimal manner.
Distribution of Assets
With our help, you will be able to:
- Identify each of the decedent’s assets, and whether each asset was jointly owned or had a beneficiary designated;
- Determine whether the decedent had a valid Living Trust that may own assets;
- Decide whether it is necessary to open a probate estate to distribute assets.
Once these initial determination are made, our attorneys can represent you as the Personal Representative (sometimes called the Executor) of the decedent’s estate and/or the Successor Trustee of the decedent’s Living Trust.
When a person dies with debt, that debt does not automatically transfer to his or her family members, unless a family member co-signed on the debt or is a guarantor. However, the decedent’s debts may still need to be settled out of probate and/or trust assets. The attorneys at La Grasso, Abdo & Silveri, PLLC can help you determine which debts need to be paid and which of the decedent’s assets are subject to debt payment. Once we’ve identified the valid debts, we can help you negotiate with creditors and reach final settlement.
Call our office today to put the right team in place to assist you through this difficult time.
Call today for a free consultation
Monday to Friday 9:00 AM to 5:00 PM