Berman & Asbel, LLP

Challenges commonly faced by executors

Much is at stake in the administration of a loved one's estate, and it is not uncommon for executors to feel overwhelmed, especially with particularly complex estates or if the deceased's instructions are complicated or ambiguous.

At Berman & Asbel, LLP, for decades we have helped executors in Pennsylvania address a wide range of issues that arise in estate administration. We understand that if you don't do this sort of thing every day, then you're naturally facing a steep learning curve. What we do is help executors understand their responsibilities and options, while ensuring that all loose ends are tied up and that all estate matters are settled in a timely and cost-efficient manner.

A common challenge for executors is accounting for and inventorying estate assets. This task can be particularly difficult if the will is ambiguous, the deceased left little information about assets, or the estate has a high net worth. It is crucial in these cases to work with an estate administration attorney with experience in locating and evaluating assets. Failure to account for all estate assets could raise issues, including estate litigation, down the road.

Executors may also have to deal with a variety of individuals and institutions in order to settle an estate. Depending on the circumstances, these parties could include banks, property assessors, real estate brokers, mutual funds, brokerage firms, the Pennsylvania Department of Revenue and the IRS.

If you have questions about handling any of these matters, then our overview of complex estate administration may prove helpful.

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