Navigating probate proceedings can be a complex undertaking, particularly when a high-value estate is involved. Executors or administrators of the estate must shoulder numerous responsibilities such as:
- Gathering, inventorying and appraising all estate assets
- Obtaining a federal tax ID for the estate
- Notifying creditors and assessing creditors’ claims
- Preparing detailed accountings and documentation
- Managing estate assets
As legal fiduciaries for the estate, executors are held to strict standards of conduct, and they can be subjected to personal liability for breaches of their duties. Avoiding costly missteps requires knowledgeable legal counsel.
Practical And Proactive Counsel In Probate Proceedings
At David Lee Rice, A Professional Law Corporation, our probate lawyers provide step-by-step legal guidance through both contested and uncontested probate proceedings as well as conservatorships. With decades of legal experience, our legal team provides the exacting level of diligence and attention that every probate case merits. We are committed to providing proactive legal services of uncompromising quality.
Our firm has successfully probated complex, multimillion-dollar estates for clients across Southern California.
We are also well-equipped to handle estate litigation should a will contest or other estate dispute arise.
Distinguished Credentials In Intersecting Areas Of Law
Probate and estate administration are closely intertwined with tax obligations. At David Lee Rice, APLC, we offer the distinct advantage of rigorous guidance concerning the interplay between probate and tax law.
The firm’s founder is a renowned tax attorney and a certified specialist in taxation through the California Board of Legal Specialization. Mr. David Lee Rice also holds a Master of Law degree (LL.M.) in taxation. This extraordinary depth of training and knowledge in tax law translate to intelligent strategies for overcoming the complex tax challenges that often dominate probate proceedings.
Learn more about our probate practice by submitting the online contact form or contacting our office in Torrance, California, at 310-517-8600.