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Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

Why Hire an Attorney When Someone Dies?

8/10/2020

 
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By Deirdre Wheatley-Liss​, Porzio Bromberg & Newman P.C.

The loss of a loved one is a terrible thing. You are sad, moving through the long process of mourning, comforting others and seem to have 1001 new things to deal with – paying bills, social security, pensions, mowing the lawn, dealing with final medical bills, taxes, house cleanout and on and on and on. An attorney may not have known your loved one, but they have one thing you don’t – experience.
You have likely never dealt with this before, or maybe one other time, and suddenly a new full-time job got dropped in your lap. An estate attorney has represented hundreds of other families going through the same situation you now find yourself in. An estate attorney can outline a plan from start to close of the estate, guide you through it or take the steps for you, how and when you need it. Just like no family is the same, no estate is the same. While the overall steps from open to close will happen, how each step is accomplished and what YOU need to do for THIS estate will be unique to your family. So how does Porzio’s Probate and Estate Administration Team help Executors?

Estate Administration Project Plan
Some executors want to do as much or all of the estate administration by themselves. This is great, so long as you know what your responsibilities are. One service we offer is an in-depth estate administration planning meeting to go over each step of the estate, each asset and liability, and provide the Executor with a written plan of instructions of what needs to be done from probate to payments to taxes to accountings to closure. This works best with a simple estate with a surviving spouse, or children with limited estate assets.

Guided Estate Administration
Other Executors want guidance on an as-needed basis. Here we expand the Estate Administration Project Plan and identify who is responsible for what (ie: the Executor will probate the Will and gather all the asset date of death values, Porzio’s probate and estate administration team will prepare the accounting, tax returns, and terminate the estate and close off the Executor’s liability to the beneficiaries). This works best with Executors who have the time to devote to their new job and want our Probate and Estate Administration Team to handle the tax and legal document and be “on-call” for questions.

Full-Service Estate Administration
Here, our Probate and Estate Administration Team takes the lead and works directly with the Executor and other family advisors to move the estate from start to finish. The Executor is outsourcing much of the work to the professionals. Most families select this when the Executor has other responsibilities or the estate assets have particular complexities. Porzio’s Probate and Estate Administration Team brings its experience to every unique estate administration and supports each Executor from the start to finish of their job.

Deirdre Wheatley-Liss
lakeri@pbnlaw.com

Comments are closed.

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    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

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Copyright 2021 | All Rights Reserved
MCCC+EDC
325 Columbia Turnpike
​​Suite 101
Florham Park, NJ 07932 
​973.539.3882        ​(MAP)  
Mission: The Morris County Chamber of Commerce collaboratively advances the interests of its members to champion a thriving business and community environment.
Vision: Creating member experiences that foster exceptional business success and quality of life.
  • About
    • Chamber Team
    • Our Mission
    • The President's Desk
    • Morris Business Cabinet
    • Board of Directors
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Committee Chair and Vice Chair Application
      • Ambassadors Council >
        • Ambassadors-Only Resources
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic Affairs Council
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2021 NFP Excellence Award Honorees
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Real Estate Forum
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Why Join?
    • Join Our Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Grand Opening Support
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member to Member Deals
    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • 100th Annual Meeting Program
    • Signature Events & Programs
    • Submit an Idea for an Event
  • Find A Member
    • Searchable Business Directory
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Professional Services >
      • Accounting, Auditing and Related Services
      • Advertising, Marketing and Related Services
      • Aerospace & Defense
      • Attorneys and Legal Services
      • Architectural, Engineering and Surveying Services
      • Banking and Financial Services
      • Business Consulting and Professional Services
    • Retail, Restaurants, & Service Providers >
      • Arts & Entertainment
      • Auto / Trucks
      • Catering & Food Products
      • Child Care & Day Care
      • Cleaning Services
      • Contractors
      • Decorating & Organizing Services
      • Environmental Services & Recycling
      • Event Planning
      • Farm & Agriculture
      • Fitness & Wellness
      • Health Care
      • Home & Garden
      • Hotels & Conference Centers
      • Moving & Storage
      • Personal Development & Coaching
      • Pet Care
      • Photography & Video Services
      • Restaurants & Bars
      • Retail Stores
      • Senior Care & Related Services
      • Shipping & Delivery
      • Travel & Leisure
    • Higher Education Partners
  • News & Info
    • Member Exchange Online Community
    • Chamber Magazines
    • Coronavirus News
    • Business Resources
    • News Around the Chamber >
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Chamber Newsletters
    • Social Media
  • Programs
    • Economic Development Corp.
    • Executive Council Program
    • Women in Business Executive Round Table
    • Morris Chamber Toastmasters
    • Mentor Morris
    • Entrepreneur Roundtable
    • Morris Mastermind
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
    • Thrive Morris
    • Work-Based Learning Internship Program
  • MCTV
    • MCCC On-Demand
    • MCTV Let's Talk
    • Actionable Advice Video Library
    • Member Spotlights
  • Member Login