How Can Bogutz & Gordon Help?
There are many ways our firm can represent family, friends, and beneficiaries after an individual’s death, based on the circumstances and the wishes of the survivors.
In some situations, our firm can act as the Personal Representative. This can happen if we are named in the documents, or if the beneficiaries involved agree it would be best to have a professional and independent party act. There is more detail on our capacities in our fiduciary services section.
Our firm can also represent other individuals when they are acting as Personal Representative or Trustee. In those situations, our firm prepares the necessary paperwork for the probate proceeding, attends the hearing if necessary, and then works the individuals step-by-step through what needs to be done, including required publication and mailing of notice, determination of creditors, filing with the IRS and Arizona Department of Revenue, obtaining a Tax Payer Identification Number, determining the applicable periods of limitation, advising on distributions, and eventually closing the trust or estate.
Where necessary we can prepare individual income tax returns for the decedent, income tax returns for the estate, and, for larger estates, prepare the “Form 706″ Estate Tax Return discussed in more detail above.
We offer flexibility in terms of how much work our firm can do. For instance, for some beneficiaries or Personal Representatives living out of state, we can arrange to meet with realtors, set up estate sales, and similar work. On the other hand, other individuals will be available and wish to take care of these tasks themselves, reducing fees that are frequently based on the time we spend on matters.
Above all, we offer the guidance to determine exactly what needs to be done, and help make that happen. You do not need to know exactly what procedures are necessary when you walk into the office; educating you is part of our services.