Estate & Trust Administration
Paley Rothman’s estate and trust attorneys understand that administering the estate or trust of a family member or friend can seem overwhelming. The responsibilities of the personal representative (also known as the executor) and trustee may seem endless. Paley Rothman’s estate administration team has many years of experience assisting personal representatives and trustees in handling the full range of estate matters. We explain the process, outline all the requirements and deadlines, and provide assistance at every stage.
We prepare documents to be filed with the local probate court, complete estate tax returns for the IRS and state (or D.C.) tax authorities, work with financial institutions to re-title assets, prepare deeds, work with other professionals in valuing estate assets, and assist in paying creditors and beneficiaries. Our skilled team, mindful of the planning and technical opportunities available at the estate level, will advise the personal representative and, when applicable, the beneficiaries of options to preserve and protect estate assets. We work with estates and trusts in Maryland, D.C. and Virginia, handling estates of all sizes and complexity.
We are mindful of the planning and technical opportunities often overlooked by less experienced attorneys. Our skilled estate and trust administration attorneys are able to assess the myriad financial, tax and personal considerations required when handling complicated estates. In addition to handling all of the issues involved in income and estate tax planning, we also are aware of elections available on a postmortem basis. We understand how critical it is for personal representatives and beneficiaries to be aware of these options and elections so they can optimally preserve and protect estate assets.
The estate and trust administration group includes several paralegals with extensive experience and deep understanding of the practical aspects of estate administration. They provide pragmatic solutions and valuable insights while remaining particularly sensitive to the emotional stress often experienced by personal representatives and trustees. Their ability to handle much of the work can be a tremendous relief to family members who have recently experienced the death of a close relative. Their lower billing rates, moreover, help preserve assets for the beneficiaries.
In instances where controversies among beneficiaries, fiduciaries and/or creditors develop, our responsiveness and sophisticated legal assistance can help to avoid time-consuming and expensive proceedings. When such a controversy cannot be resolved amicably, our estate and trust litigators pursue all available legal remedies, including challenges to wills and revocable trusts, interpretation of wills, trusts and contracts, determination of the rights and responsibilities of interested persons, guardianship matters and creditor disputes.
Paley Rothman’s complementary practices in estate planning, business succession planning, international estate tax, qualified retirement plans, real estate, income tax and litigation ensure that our clients have the comprehensive and skilled legal resources necessary to represent their interests.
Our estate and trust attorneys’ sophisticated insights into the preservation of estate assets and minimizing taxes for future beneficiaries have earned them recognition and awards from Super Lawyers, Best Lawyers in America, the Washington Business Journal, and the Washingtonian.
June 13, 2022
We congratulate our Stockholder and Principal David P. Shapiro on being named as one of The Daily Record's 2022 Influential Marylanders.Read More
One of the most iconic symbols of the LGBT+ movement is the multi-color Rainbow Flag. During Pride Month, an even brighter spotlight is placed on the Rainbow Flag when it...Read More
Litigation Attorney Trish Weaver accepted the Andrew L. Sonner Diversity Award for upholding the highest standards of the legal profession by encouraging racial and cultural diversity in the hiring, retention and promotion of attorneys. The award was given by the Bar Association of Montgomery County.
Starting in November, HR Director Mandi Baldwin, Senior Legal Assistant/Paralegal Brandon Hallmark, and Attorney Trish Weaver took a Diversity, Equality, and Inclusion Course with the Bar Association of Montgomery County. We are immensely proud of the dedication of these three Paley People and encourage others to Listen, Learn and Teach.
Paley Rothman is proud to announce that three of our distinguished attorneys were named 2022 Washingtonian Top Financial Advisers for the 3rd consecutive time amongst approximately 50 Top Estate Attorneys in the DC Metropolitan area. We are honored to have Jeffrey Kolender, Paula Calimafde, and Michelle Chapin in our sophisticated and caring estate planning and estate administration groups. Both groups are known for their familiarity with cutting edge techniques while providing exceptional service to our clients.