{"id":466,"date":"2017-05-11T17:06:57","date_gmt":"2017-05-11T17:06:57","guid":{"rendered":"https:\/\/www.srklawnm.com\/?page_id=466"},"modified":"2017-08-24T21:02:05","modified_gmt":"2017-08-24T21:02:05","slug":"probate-trust-administration","status":"publish","type":"page","link":"https:\/\/www.srklawnm.com\/our-services\/probate-trust-administration\/","title":{"rendered":"Probate and Trust Administration"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-ed76f0f8112d96b7045e85679a1e9f83\">\n.avia-section.av-av_section-ed76f0f8112d96b7045e85679a1e9f83{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/www.srklawnm.com\/wp-content\/uploads\/2015\/12\/albuquerque-law-firm-practice-areas.jpg);\nbackground-position:50% 100%;\nbackground-attachment:fixed;\n}\n.avia-section.av-av_section-ed76f0f8112d96b7045e85679a1e9f83 .av-section-color-overlay{\nopacity:0.9;\nbackground-color:#ffffff;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-av_section-ed76f0f8112d96b7045e85679a1e9f83 main_color avia-section-default avia-no-shadow  avia-builder-el-0  el_before_av_two_third  avia-builder-el-first  avia-full-stretch avia-bg-style-fixed av-section-color-overlay-active container_wrap sidebar_right'  data-section-bg-repeat='stretch'><div class=\"av-section-color-overlay-wrap\"><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-466'><div class='entry-content-wrapper clearfix'>\r\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-94c688630e562935a011794ba75f8bcf\">\n#top .av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf{\npadding-bottom:10px;\nfont-size:60px;\n}\nbody .av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf .av-special-heading-tag{\nfont-size:60px;\n}\n.av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-av_heading-94c688630e562935a011794ba75f8bcf .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-94c688630e562935a011794ba75f8bcf av-special-heading-h1 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-1  el_before_av_hr  avia-builder-el-first  av-inherit-size'><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >Probate and Trust Administration<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\r\n\r\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-f2a5800d979ab316ce275f7216a7f104\">\n#top .hr.av-av_hr-f2a5800d979ab316ce275f7216a7f104{\nmargin-top:0px;\nmargin-bottom:30px;\n}\n.hr.av-av_hr-f2a5800d979ab316ce275f7216a7f104 .hr-inner{\nwidth:15%;\n}\n<\/style>\n<div  class='hr av-av_hr-f2a5800d979ab316ce275f7216a7f104 hr-custom  avia-builder-el-2  el_after_av_heading  avia-builder-el-last  hr-center hr-icon-no'><span class='hr-inner inner-border-av-border-thin'><span class=\"hr-inner-style\"><\/span><\/span><\/div>\r\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-466'><div class='entry-content-wrapper clearfix'>\r\n\r\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-3  el_after_av_section  el_before_av_one_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><section  class='av_textblock_section av-av_textblock-2bd894dbf2e4bf2c4acf98ce4fbf94aa '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>When a family member or loved one dies, there are many issues that arise. Unfortunately, even while family and friends are mourning the loss, someone must deal with how to handle the decedent\u2019s assets. If the decedent made a Will or Trust, that document must be located. If no Will is found, then the decedent is said to have died intestate. Whether there is a Will or not, probate may be necessary. Probate can be avoided when the decedent has properly and completely funded a trust or when the decedent has set up all of the assets to pass by non-probate transfer. In the event there is a dispute about a Will, a Trust, or about how an estate or trust is being administered, litigation may result. See Probate and Trust Litigation for information about such litigation.<\/p>\n<h3>Probate Administration<\/h3>\n<p>Probate is the process of filing with a court and having a court appoint a personal representative to handle the administration of the estate. Simply having a Will that appoints a person as personal representative is not sufficient; that person must be confirmed by a court and the court must issue Letters Testamentary (in the event the decedent died with a Will) or Letters of Administration (in the event the decedent died without a Will) to the personal representative. Once the personal representative is appointed, he or she must give notices to the heirs and devisees as well as to creditors of the estate. The personal representative is also responsible for preparing an inventory of the estate assets within three months of appointment. Ultimately, it is the personal representative\u2019s job to gather up all of the assets of the Estate, to pay or otherwise resolve any creditor claims against the Estate, pay taxes owed by the estate, and distribute the estate assets to the devisees or the heirs. We can help with that process by preparing and filing the necessary documents with the court, preparing notices and publishing them as necessary, assisting with preparing the inventory, dealing with creditors\u2019 claims, advising concerning tax issues, and assisting with the final distribution of the estate assets to those entitled to receive the assets.<\/p>\n<h3>Trust Administration<\/h3>\n<p>If the decedent properly funded a trust, then probate likely will not be necessary. However, there are still things to be done. Notices must be given to the beneficiaries named in the Trust. Furthermore, reports of the trust assets and disbursements from the Trust must be provided. Depending on the terms of the trust, the assets may be immediately distributable or may be held by the trustee for some period of time for the benefit of the beneficiaries. The trustee will be responsible for properly managing and investing those assets as well as for making distributions to the beneficiaries in accordance with the terms of the Trust. We can assist with providing the required notifications, with preparing reports and accountings, and with the ongoing administration of the Trust<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_third-0aa7055fe62c3622faec82866afbaeb2\">\n.flex_column.av-av_one_third-0aa7055fe62c3622faec82866afbaeb2{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_third-0aa7055fe62c3622faec82866afbaeb2 av_one_third  avia-builder-el-5  el_after_av_two_third  el_before_av_section  avia-builder-el-last  flex_column_div av-zero-column-padding  '     ><div  class='avia-builder-widget-area clearfix  avia-builder-el-6  avia-builder-el-no-sibling '><div id=\"nav_menu-2\" class=\"widget clearfix widget_nav_menu\"><h3 class=\"widgettitle\">Services<\/h3><div class=\"menu-sidebar-services-container\"><ul id=\"menu-sidebar-services\" class=\"menu\"><li id=\"menu-item-506\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-506\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/civil-rights-law\/\">Civil Rights Law<\/a><\/li>\n<li id=\"menu-item-507\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-507\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/commercial-business-civil-litigation\/\">Civil Litigation<\/a><\/li>\n<li id=\"menu-item-508\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-508\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/creditors-bankruptcy\/\">Creditor&#8217;s Bankruptcy<\/a><\/li>\n<li id=\"menu-item-509\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-509\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/education-law\/\">Education Law<\/a><\/li>\n<li id=\"menu-item-510\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-510\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/employment-law\/\">Employment Law<\/a><\/li>\n<li id=\"menu-item-512\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-512\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/legal-ethics\/\">Legal Ethics &#038; Professional Responsibility<\/a><\/li>\n<li id=\"menu-item-513\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-513\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/mediation\/\">Mediation<\/a><\/li>\n<li id=\"menu-item-514\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-514\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/estate-planning\/\">Estate Planning<\/a><\/li>\n<li id=\"menu-item-515\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-515\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/probate-trust-administration\/\">Probate and Trust Administration<\/a><\/li>\n<li id=\"menu-item-516\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-516\"><a href=\"https:\/\/www.srklawnm.com\/our-services\/probate-trust-litigation\/\">Probate and Trust Litigation<\/a><\/li>\n<\/ul><\/div><\/div><\/div><\/div>\r\n\r\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-7bc4651ab3c46d06c2556221975eaf41\">\n.avia-section.av-av_section-7bc4651ab3c46d06c2556221975eaf41{\nbackground-color:#0d4f7f;\nbackground-image:unset;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-av_section-7bc4651ab3c46d06c2556221975eaf41 main_color avia-section-default avia-no-shadow  avia-builder-el-7  el_after_av_one_third  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-466'><div class='entry-content-wrapper clearfix'>\r\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-6126cab7d8fab8d08143dd2dacdf673c\">\n.flex_column.av-av_two_third-6126cab7d8fab8d08143dd2dacdf673c{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-6126cab7d8fab8d08143dd2dacdf673c av_two_third  avia-builder-el-8  el_before_av_one_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-be554ab11906ce88c0ad5dd540375a40\">\n#top .av-special-heading.av-av_heading-be554ab11906ce88c0ad5dd540375a40{\npadding-bottom:10px;\ncolor:#ffffff;\n}\nbody .av-special-heading.av-av_heading-be554ab11906ce88c0ad5dd540375a40 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-be554ab11906ce88c0ad5dd540375a40 .special-heading-inner-border{\nborder-color:#ffffff;\n}\n.av-special-heading.av-av_heading-be554ab11906ce88c0ad5dd540375a40 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-be554ab11906ce88c0ad5dd540375a40 av-special-heading-h1 custom-color-heading blockquote classic-quote  avia-builder-el-9  avia-builder-el-no-sibling '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >Explore our other legal services<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_third-0aa7055fe62c3622faec82866afbaeb2\">\n.flex_column.av-av_one_third-0aa7055fe62c3622faec82866afbaeb2{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_third-0aa7055fe62c3622faec82866afbaeb2 av_one_third  avia-builder-el-10  el_after_av_two_third  avia-builder-el-last  flex_column_div av-zero-column-padding  '     ><div  class='avia-button-wrap av-av_button-191f704099efe98bb9d29824c3a7be13-wrap avia-button-center  avia-builder-el-11  avia-builder-el-no-sibling '><a href='https:\/\/www.srklawnm.com\/our-services\/'  class='avia-button av-av_button-191f704099efe98bb9d29824c3a7be13 av-link-btn avia-icon_select-no avia-size-large avia-position-center avia-color-light'  ><span class='avia_iconbox_title' >All Services<\/span><\/a><\/div><\/div>\r\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-466'><div class='entry-content-wrapper clearfix'>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":39,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Probate and Trust Administration - Smidt, Reist &amp; 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