Managing the affairs of a trust or probate estate can often be an involved and, at times, a daunting prospect.
Georgia law requires strict adherence to various fiduciary standards, laws and regulations in the management of estates, trusts and their assets. It is here that BALYEAT + LANE offers tremendous assistance and guidance with and through the myriad of issues and processes that any administrator may face. This guidance and assistance does not necessarily depend on whether BALYEAT + LANE attorneys initially prepared the underlying trust or estate documents.
BALYEAT + LANE has represented a variety of institutional and individual clients through the procedures and potential pitfalls of fiduciary administration, culminating in successful closings and resolution of the estates, trusts or guardianships. Frequently recurring issues in these areas involve partial or interim distributions from a trust or estate, payment of necessary or appropriate expenses for or of estates and trusts (including compensation of the fiduciary and those hired by the fiduciary), post-death tax planning and the preparation and completion of income and estate tax returns, interpretation of underlying trust or estate documents, transfers of property, payment of claims, continuation and operation of a business, interactions with beneficiaries and creditors, and a whole host of other issues and potential obstacles.
Based on the experience of BALYEAT + LANE, we approach these matters in a dedicated, creative and flexible way, always with the goal of efficient, prompt and cost effective administration consistent with the underlying governing documents and requirements of the law.