Marshalling Assets

An important step in estate administration is the marshalling of assets. Marshalling is a legal term that refers to the process of collecting or securing the assets of the estate of a person who has died. This act is one of the major duties of the executor of an estate and must be completed so the assets can be distributed according to the terms of the will or trust.

At Levine DeSantis, LLC, in Springfield, New Jersey, we help executors marshal assets, which can be an overwhelming task that comes at a time when emotion and stress are already running high. Our attorneys can also help clients develop comprehensive, organized estate plans, so when the time comes for a loved one to identify the estate's assets the process is easier to complete.

Contact us to learn more about how we can help you settle the estate of a loved one or establish your own estate plan.

What to Do When a Loved One Dies

Many people do not realize how involved the process of settling an estate is until they are face-to-face with the situation. We can relieve some of the burden by guiding you through the estate administration process with confidence.

Our firm assists clients with the tasks related to marshalling estate assets including:

  • Identifying all of the assets in the estate including employee benefit programs, veteran's benefits and other government entitlements
  • Gathering all the required documents including title certificates and life insurance policies
  • Valuing the assets for tax purposes and for determining their sale value, if appropriate
  • Identifying any judgments, bankruptcies or liens against the estate
  • Determining tax obligations and tax return requirements
  • Developing a plan for transferring deeds and ownership of property including jewelry, art, coin and gun collections, cars and boats

When you lose someone who is close to you, shock and grief can make it difficult to think clearly. Let us help you with the details. We can help you manage the paperwork and can look out for you so that small but important actions such as paying the estate's utility bills and maintaining property insurance during the process are not forgotten.

If you live in Springfield, Short Hills or the surrounding New Jersey communities and want to speak with a knowledgeable and compassionate estate planning and estate administration lawyer, contact us today.