Practice Areas

Estate Administration

Proper Estate and Trust administration includes many complicated and detailed steps. Our Estate and Trust Administration practice group provides full services, from initial probate through final accounting and disbursement of assets. We handle Estates of all sizes with a focus on making the process simple for the families involved. Upon retaining us, we will accomplish the following which is not an exhaustive list:

  • Fulfillment of the decedent’s wishes
  • Provide notice to all necessary parties
  • Assist with the tasks of an Executor
  • Comply with various investor and income acts
  • Swiftly move the Estate and Trust Administration along to ensure faster distributions to the beneficiaries
  • Ascertain all liabilities to ensure payment
  • Prepare insolvency pleading, if required
  • Obtain all of the assets and the fair market value of the assets in an effort to assist in reducing potential income tax liabilities
  • Assist in all aspects of the transfer of all assets including real property
  • Procure proceeds from Life Insurance, 401ks, IRAs and annuities including income tax planning for retirement and annuity accounts
  • Provide advice to the Executor in an effort to avoid any potential personal liability of the Executor/Trustee to the beneficiaries and various governmental taxing agencies
  • Prepare the inheritance tax returns, federal and New Jersey estate tax returns (Form 706), individual income tax returns (Form 1040), estate and trust income tax returns (Form 1041), gift tax returns (Form 709), FBAR form and review for tax elections beneficiary to client and/or estate or trust
  • Draft final accountings for the Estate or Trust
  • Fiduciary filings
  • Prepare release and refunding bonds
  • Post mortem tax planning to ease the tax burden on an Estate, Trust or Beneficiary
  • Handling tax matters with the Internal Revenue Service and New Jersey Division of Taxation
  • Assisting other law firms with complex Estate and Trust administration such as accountings, New Jersey Inheritance and Estate Tax Returns, Federal Estate and Gift Tax Returns (Form 706 and 709) and Fiduciary Income Tax Returns (Form 1041), as well as tax planning
  • Estate Litigation

Choose the leading estate and trust law firm in Atlantic and Camp May Counties. KingBarnes has a proven track record of providing effective legal solutions to clients in the South Jersey region. With three convenient locations in Northfield, North Wildwood, and Cape May, our experienced attorneys are here to serve you. Whether you’re facing estate and trust litigation, need help with estate planning, or have commercial or real estate legal needs, KingBarnes is here to help. Contact us today to schedule a consultation and experience the difference of working with a trusted and experienced legal team.