Top Bailey, CO Trust & Estate Lawyers Near You

What Is Trusts and Estate Administration Law?

Trusts and estate administration refers to the process by which a person, such as a trustee or executor, oversees the administration of an estate after the deceased’s passing. It can include several duties, including settling the estate’s debts and distributing assets to a trust or the last will and testament’s named beneficiaries.

What Are Some Examples of Situations Where I Might Need a Trusts and Estates Administration Lawyer?

If you have been named an executor of a loved one’s estate or the trustee of a loved one’s trust, you should consider contacting an estate and probate attorney who understands the probate code in Colorado. If you are making your estate plan, you could consider designating a lawyer to serve as executor or trustee of your assets.

How Can a Lawyer Help Me With Trusts and Estates Administration?

Probate code is complex. An experienced estate and trust lawyer will know how to follow the law when administering the estate. This can include:

• Prioritizing which debts of the estate to settle first
• Distributing assets to beneficiaries named in the will or trust
• Enforcing conditions of a trust, such as not distributing assets to a beneficiary until they reach a certain age
• Protecting the estate’s best interests and guarding against litigation and challenges

What Could Happen if I Don’t Hire a Trusts and Estates Administration Lawyer?

Estate administration is an emotionally fraught subject for friends and family of the deceased. Disputes can arise when someone thinks they were cheated out of an inheritance. Without an experienced lawyer, the estate may be more vulnerable to legal challenges, which will extend the probate process and drain the estate’s assets.

What Questions Should I Ask When Trying To Find an Estate Planning Lawyer in Bailey?

These questions can help you decide if you feel comfortable and confident that a lawyer has the qualifications, experience, and ability to manage your case well. Many lawyers offer free consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:

• How have you handled cases like mine?
• What are the potential outcomes of my case?
• What is the timeline for completing my estate plan?
• What is your billing and fee structure?
• How long have you been practicing in Colorado?
• What will my involvement be during the process?

Tips for Hiring an Estate Planning Lawyer

Finding a lawyer who is right for you and will represent your best interests is an essential first step in managing your defense and protecting your rights. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do: 

• Ask for recommendations
• Research lawyers online
• Schedule consultations
• Review experience and expertise
• Talk about billing and fees
• Trust your instincts