Big firm sophistication. Small firm focus.

Trusts and Estates

Our business clients are seldom just businesses – they are people, families, whose ultimate motivators often have as much to do with love, duty, and gratitude as with profit and loss.  They are justly proud of their success, but the ability to provide for their spouses, children, and grandchildren – as well as the causes and institutions they support – anchors their pride. Kleinbard’s growing Trusts and Estates Group is dedicated to providing our clients with practical advice that is customized to meet their specific goals, family circumstances, and needs in a cost-efficient manner.  Our team has a wide-range of experience in representing clients at all levels of wealth and with varying family complexities.  We pride ourselves on being counselors to our clients and take a holistic and creative approach to estate planning, by analyzing the client’s individual, family and business needs to develop a comprehensive estate plan that preserves, protects, and grows wealth and minimizes tax consequences on asset transfers. We handle both simple and complex estate and trust administrations with a compassionate approach and offer creative cost-saving solutions. We advise executors, personal representatives, and trustees on all phases of administration for both estates and trusts, including required or permissible distributions, tax matters, fiduciary duties, accountings to beneficiaries, and many other aspects of fiduciary law.  

Administration Of Estates and Trusts

Trusts and Estates

We serve as counsel to executors and trustees in handling the many required notices, court filings, accountings, and tax returns required following a death, or creation of a trust during one’s lifetime. We employ experienced non-attorney personnel to make certain these details are handled efficiently and at low cost to the relevant estate or trust.

Experience

Our estate and trust administration services include:

  • Filing probate petitions;
  • Advertising the estate and sending all interested parties required notices;
  • Gathering and obtaining values for estate and trust assets;
  • Negotiating with creditors to settle estate debts;
  • Filing state and federal inheritance and estate tax returns;
  • Filing state and federal fiduciary income tax returns and assisting in income tax planning for  estates and trusts;
  • Preparing formal or informal accounts of the administration of estates and trusts;
  • Drafting Receipt and Release Agreements or Non-Judicial Settlement Agreements to finalize administrations and/or resolve issues that arise during an estate or trust administration;
  • Distributing assets to beneficiaries or heirs; and
  • Serving as a mediator in disputes involving estates or trusts, which we do not represent, to resolve issues among beneficiaries or heirs efficiently, economically, and without the need for judicial intervention.

Trusts and Estates

Our business clients are seldom just businesses – they are people, families, whose ultimate motivators often have as much to do with love, duty, and gratitude as with profit and loss.  They are justly proud of their success, but the ability to provide for their spouses, children, and grandchildren – as well as the causes and institutions they support – anchors their pride. Kleinbard’s growing Trusts and Estates Group is dedicated to providing our clients with practical advice that is customized to meet their specific goals, family circumstances, and needs in a cost-efficient manner.  Our team has a wide-range of experience in representing clients at all levels of wealth and with varying family complexities.  We pride ourselves on being counselors to our clients and take a holistic and creative approach to estate planning, by analyzing the client’s individual, family and business needs to develop a comprehensive estate plan that preserves, protects, and grows wealth and minimizes tax consequences on asset transfers. We handle both simple and complex estate and trust administrations with a compassionate approach and offer creative cost-saving solutions. We advise executors, personal representatives, and trustees on all phases of administration for both estates and trusts, including required or permissible distributions, tax matters, fiduciary duties, accountings to beneficiaries, and many other aspects of fiduciary law.