After losing a loved one, it can be difficult to know what to do or who to call. At Mullen Law Firm, we are here to provide compassionate advice and responsive counsel. Whether representing you as a trustee, personal representative, or beneficiary, we are here to assist you through smooth and timely administration.
What is Probate?
Probate is the legal process of transferring assets from a deceased person to their heirs and beneficiaries. A probate takes place when an individual passes away with real estate in their name and if they own assets without a beneficiary that totals more than $75,000. The process can take between 6 months to 2 years to complete.
The process of administrating a trust is similar to probate, except that the administration is private. This means that the administration of trust keeps the government out of the process. However, the overall process is similar; trust assets must be collected and documented, beneficiaries are to be notified, expenses are paid and then the trust assets are managed and distributed under the provisions of the trust. However because the courts are not involved, the administration of a trust can be much less costly and time-consuming.
Contact Our Probate & Trust Administration Attorney in Edina, MN
Navigating the intricate pathways of probate and trust administration can often be a challenging endeavor, especially during times of grief or transition. At Mullen Law Firm, P.A., our commitment extends beyond just estate planning. We provide specialized guidance in both probate and trust administration, ensuring that your legacy is managed and passed on with utmost precision and care. Attorney Joel P. Mullen’s expertise in Edina, MN, is a beacon of support for families and individuals, making sure that the intricacies of these processes are handled with diligence and compassion. If you need guidance or assistance for probate or trust administration, don’t hesitate to contact us. Your peace of mind is our priority.