What is Missouri or Arkansas Estate Administration?
When a loved one passes, their estate must be collected and managed. Missouri and Arkansas estate administration involves gathering assets of the estate, paying the decedent’s debts, and distributing the assets to designated beneficiaries. The process of estate administration can be very overwhelming, especially for a family still grieving the loss of a loved one. An experienced estate administration attorney like The Law Firm of Christopher W. Dumm can help you and your loved ones navigate the complex estate administration process in Missouri or Arkansas.
What Can an Arkansas and Missouri Estate Administration Attorney Do for You and Your Loved Ones?
Our Joplin and Springfield, MO law firms, as well as our Bentonville, AR law firm, can assist your trusted appointees, such as successor trustees and executors, to understand their duties and guide in decisions during the estate or trust administration process.
Some duties include:
- Gathering, protecting, and managing assets
- Filing all appropriate tax returns
- Paying legitimate bills
- Creating sub-trusts
- Collecting death benefits
- Dissolving trusts, considering disclaimers
- Distributing assets to beneficiaries’ sub-trusts
When working with a Missouri or Arkansas estate administration attorney at The Law Firm of Christopher W. Dumm, rest assured that your loved ones are not alone. We are there for them to make sure your instructions and the law are followed. Our goal is to provide your loved ones with legal guidance, peace of mind, and support when handling the estate or trust administration process in Missouri and Arkansas.
What is Decedents Estate in Missouri or Arkansas?
A decedent’s estate is their personal property and assets owned in Missouri or Arkansas at the time of death. In this arrangement, an appointed individual (executor) collects the assets after the estate’s debts and taxes are paid. After the debt is paid off, the remaining assets are transferred to the individuals entitled to the property (heirs and beneficiaries). At The Law Firm of Christopher W. Dumm, our Arkansas attorneys and Missouri attorneys can work with you and your loved ones to draft the proper legal documents and help you navigate the steps needed for transferring assets on your behalf. Reach out to our probate attorneys today.
The Law Firm of Christopher W. Dumm helps you and your loved ones understand estate planning, asset protection, probate and estate administration, elder law, Medicaid planning, special needs planning, tax planning, and business planning. We welcome you to contact our Joplin and Springfield, Missouri offices, as well as our Bentonville, AR office, to learn more about how an estate administration lawyer can help meet your estate administration needs.