Protecting yourself, your wealth and your heirs.
If you have been appointed as an executor or trustee you are now entrusted with a significant responsibility. As the executor or trustee of an estate or trust, there are certain tasks that must be accomplished to ensure that the assets are both managed and distributed properly and according to the law. If you fail to follow these rules, you may be held personally liable to the beneficiaries. There are specific transfer methods for each type of asset and the appropriate method depends on the type of asset, how it was owned, the named beneficiary and its value. Executors and trustees often face other challenges as well, such as creditors’ claims and business lawsuits that threaten an estate. David M. Frees, III is an experienced Pennsylvania probate attorney who provides legal guidance with probate and estate administration to make sure that the estate is properly distributed.
Contact David Frees today at (610) 933-8069 if you are the appointed executor or trustee or if you are dealing with probate.
When someone dies, with or without a will, his or her estate is submitted to Pennsylvania probate court, where confirmation will be given regarding the validity of the will when one exists. Probate is defined as the legal process of settling an estate and includes the distribution of the assets and properties per the valid will. This legal process is meant to honor the wishes of the deceased, protect the interests of the beneficiaries and confirm the executor named in the will. If there is no will, the probate court will appoint a personal representative and the estate will be distributed according to Pennsylvania law. Trusts can be used to avoid probate, to shelter assets from the spouses of an heir or to protect them from lawsuits. However, a trust is not necessary for everyone and the expense of a living trust might be unnecessary.
Matters relating to probate and estate administration can be complex. David Frees represents executors and trustees in all aspects of estate and trust administration. Along with his highly talented team of lawyers, Mr. Frees is able to provide the following services:
- Limit liability exposure to beneficiaries and creditors
- Administer wills and trusts in probate court
- Assist in avoiding probate when possible
- Resolve or close estate and trust administrations through informal family settlement agreements or court accounting process
- Provide estate planning strategies to help keep assets out of probate court
- Ensure a proper transfer of assets
David Frees is a partner of Turner, Burke & Frees, P.C. and Chairman of the Wealth Preservation Section of the law firm. With over 23 years of experience, he has been able to help thousands of individuals with estate planning, probate, trusts and estate administration. He focuses on educating his clients and providing them with the necessary tools to impart wisdom and strategies to the next generation. Some of Mr. Frees’ clients have been working with him for almost three decades.
As a recognized expert in his field, David Frees has written numerous articles, chapters and publications including, The Language of Parenting: Building Great Family Relationships At All Ages, Einstein’s Business Dream, Inc., The Ultimate Success Secret, The Language of Leadership, Asset Protection 101, The Ten Most Common Errors Executors Make and How To Avoid Them and Beneficiary Controlled Trusts – Protecting The Next Generation™. His propriety process titled, Enhanced Estate Planning™, gives parents and grandparents the opportunity to:
- Protect assets from claims
- Strategically plan their estates
- Educate the next generation
- Provide ongoing advice and information to their heirs through technology and messages
David Frees has also created informative programs including, Avoiding the Ten Top Mistakes of Executors, which provides executors with comprehensive information to protect the estate.
If you have been appointed trustee or executor or if your family member’s estate is going through the Pennsylvania probate process, contact David Frees at (610) 933-8069.
Mr. Frees represents clients in Chester County, Montgomery County, Delaware County and Lancaster County and in communities such as, Philadelphia, Berwyn, Devon, Paoli, Exton, Phoenixville, West Chester, Malvern, Chester Springs, Ardmore, Gladwyn and surrounding areas.