The Administrator of every estate and trust has a fiduciary duty to preserve and manage the entity in a responsible manner. Furthermore, estates that are probated in Maryland must adhere to complicated rules before the estate can be closed and assets can be distributed. Estate administration ca be a daunting task for the personal representative, especially in a time of grieving. Often times a personal representative attempts in good faith to close an estate; but they become overwhelmed by the process, leading to higher administrative costs, increases in taxes, and the depletion of the distributable estate.
Hiring a professional, like Brucker Legal Services, can ease that burden and actually increase each beneficiary’s share of the estate. We assist the personal representative by helping to gather and value assets and debts, comply with State regulations and complete all required filings, and transfer and distribute estate assets.
Similar to estates, Trusts and Guardianships in Maryland may have filing requirements, tax returns, and accounting duties for Trustee. Our experiences team will ensure that your trust or estate is administered and closed in a proficient, accurate, and timely manner.