Probate is a court-supervised proceeding wherein a person’s assets are retitled and distributed after death. Assets are distributed as mandated in the decedent’s will or, if there is not a will, according to the laws of intestacy. In a nutshell, the law of intestacy means that assets are distributed according to guidelines established by the state of Illinois.
Ozark Law Firm, LLC is devoted to helping clients avoid probate entirely, through the use of trusts and other tools. However, families often hire us to assist them with probate and the estate settlement process.
Completing these tasks is difficult enough, but when you consider that folks are already dealing with the loss of a loved one, this experience can seem overwhelming. At Ozark Law, LLC, we can guide you through the process from beginning to end and make it as stress-free as possible.
While every estate is different, here is a partial list of the duties required to settle a “typical” estate:
Administering a trust requires a wide range of duties, including:
Additionally, proper accounting must be maintained throughout the process and then provided to beneficiaries of the trust. If you have been asked to administer a trust, contact Ozark Law Firm, LLC to schedule a personal meeting.