What We Do

Probate Administration

We have all lost a loved one – a grandparent, parent, family member, close friend, or a spouse. During the grieving period, the last thing you want to think about is the legal wrangling of the probate court. You need an advocate and a sympathetic advisor – someone you can trust and work with under trying circumstances.

Let Wealthplc be that advocate. We have experience administering complicated estates that require filing of Federal and Massachusetts estate tax returns and the funding of family and marital trusts; but we also work with small estates that require little more than a court appointment. During the difficult time after the death of a loved one, it doesn’t matter about the size of the estate, only that matters proceed smoothly and efficiently.

What happens to your assets when you die? – It all depends on the title:

  • jointly-held assets pass to the surviving owner
  • assets that allow for a named beneficiary pass directly to such beneficiary
  • assets in trust remain in the trust for the successor beneficiaries
  • assets owned by the Decedent individually become part of the “probate” estate

The probate court has jurisdiction over the “probate” assets and such assets are in essence frozen until the Personal Representative (formerly the executor) is appointed by the court. Unlike what you may have heard or read, the probate process is not a terrible experience – it is more of a hassle for your family. Wealthplc will guide you through the process if court involvement is necessary.

If you really want to make matters easier for the ones you leave behind, review the discussion of establishing your wealth preservation plan under this site – it is well worth the time and effort.