Fiduciary Services

If someone passes away without a trust, their estate typically goes through probate. With a will in place, the person is said to have passed "testate," meaning they can specify their heirs, and their assets are distributed according to their wishes. Without a will, they pass away "intestate," and their assets are distributed to "heirs at law," as outlined by the Probate Code. While probate administration is similar to trust administration, it is conducted under the oversight of the probate court.

Sharmane Estolano or Brett Perkins can be named the executor of your estate in your will. If the chosen executor(s) are unable or unwilling to fulfill their duties, Sharmane or Brett can be nominated as the Administrator or Personal Representative of the estate. In cases where litigation arises, they can also act as a neutral Administrator, safeguarding assets and ensuring a smooth and efficient completion of the administration process.

At South County Fiduciary Services, we provide thorough support for every phase of estate administration. This includes the accurate valuation of assets, ensuring that all necessary reporting is precise and compliant with legal requirements. We manage the distribution of assets according to the wishes of the deceased, as outlined in the trust or will, or in accordance with the Probate Code if no such documents exist. Our experience in administration provides a streamlined process, minimizing potential complications and alleviating stress for all parties involved. Our attention to detail and commitment to excellence offer clients peace of mind during difficult and emotional times.

• Procure and establish relationships with the Legal, Financial, and Support team.
•  Promptly marshall and secure all estate assets, documents, and records.
•  Provide formal introductions to all beneficiaries and their representatives.
•  Promptly respond to beneficiary communications and keep them updated on estate matters.
• Update and reregister titles for assets and liabilities as needed.
•  Provide asset valuations and periodic statements to beneficiaries.
•  Review and manage investments, deciding on sales or purchases as needed.
• Handle liability management, including payment, refinancing, or maintenance.
• Notify creditors as necessary.
• Develop and implement investment strategy with qualified and credentialed financial advisors to align with estate settlement timelines and objectives.
• Coordinate such advisors on investment decisions.
• Oversee financial investments during administration with the guidance of financial advisors.
• Manage capital changes, corporate reorganizations, and other relevant matters.
• Administer the estate impartially according to governing documents and state law.
• Coordinate and file final personal income and trust fiduciary tax returns.
• Prepare and file estate and gift tax returns.
• Oversee medical care, insurance claims, and reimbursements for trust beneficiaries.
• Maintain records of estate administration and lease negotiations.
• Manage real estate maintenance, repairs, and improvements.
• Evaluate the need for leverage on real estate assets and ensure compliance with loan covenants.
• Facilitate real estate transactions and 1031 tax-deferred exchanges.
• Collect rental income and manage related expenses.
• Procure, hire, and manage qualified and credentialed professionals to oversee non-financial assets. (i.e  oil, gas, mineral interests, closely held businesses, private equity, and intellectual property)