SERVICES
Management of Assets & Investments
Trust Administration
Probate Estate Administration
Management of Assets & Investments/Agent under Power of Attorney
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Management of Assets & Investments/Agent under Power of Attorney
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Assist with or fully handle monthly bill pay
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Review stock holdings/work with financial planners and brokers
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Secure and obtain values for personal and real property
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Prepare trust inventories of assets and trust accountings
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Prepare financial reports, annual consultation with accountants and assist in gathering information for tax return preparation (to be prepared by accountants)
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Manage real property sales, rentals and leases, including supervision of repairs and maintenance
Trust Administration
Lerdahl Management Services provides Trust Administration services for individuals who are no longer able to manage their financial affairs or individuals who simply wish to have a Trustee assume responsibility for asset management. As Successor Trustee, Annette will manage and administer trust assets for the benefit of the Trustor, and beneficiaries, in accordance with instructions set forth in the Trust Agreement. The Successor Trustee has a duty to locate and safeguard trust assets, prepare inventory and appraisals; notify and communicate with named beneficiaries and interested parties; collect income and pay expenses; invest according to a fiduciary standard to make assets productive; manage real property, keep detailed records; liquidate assets as required for care of Trustor or distribution; work with creditors and pay approved debts; file all necessary tax returns; file required accountings; and make beneficiary distributions in accordance with trust instructions.
Probate Estate Administration
Annette has over 25 years experience as a trust administration and probate paralegal, and has extensive knowledge of all procedures involved in probate proceedings. Annette may serve as Executor of an Estate where a vacancy exists, or when the named party prefers not to handle the responsibilities and complexities of administration of the estate’s assets and debts. Responsibilities for estate settlement are unique with each case, however they generally require the responsible party to: marshal all assets of the estate, prepare inventories and appraisals; arrange for sale or disposition of real estate and personal property owned by the decedent; address business holdings if required; file decedent’s estate taxes and outstanding tax obligations; notify named beneficiaries and interested parties; identify creditors, provide legal notice, and petition court approval to settle debts; pay decedent’s final expenses and estate administration; and issue approved payments to claimants, make final distributions to beneficiaries, and close probate.