Trust Distribution

Hi,

My mother had an uncle and she is a beneficiary of his trust. There is a distribution for my mother from this trust but my mother has passed away. Edward Jones who holds the trust has said in order for the distribution to be received, an estate needs to be setup.

My father has his own will and trust but no estate. EJ won't talk to us about any further details until an Estate Administrator exists.

The Edward Jones office handling the trust is in Missouri. My mother and her uncle both lived and died in Ohio. We do not yet know if we have to go through Probate or not. The counties involved would be Medina and Summit respectively. (uncle/mother)

We're beginners in the subject and know nothing about setting up an Estate.

We've been directed that we need an Estate Attorney to setup an Estate. What we don't know is what the costs involved are, should be, or what would be outrageously expensive for a said Attorney's services. For all we know we could go to "EstatesAreUs.com" and create one for $50, but wouldn't know.

What we have accomplished so far is an initial consultation with an Estate Attorney and their rate is $350/hr.

What is the best way to go about this from others familiar?



Thank you for reading,

Chris

 

Thanks for your reply adjusterjack. Yes, they were married when she passed away. Yes she has a will. She and my father have some assets but in general would guess it's not too complex. thank you for the info, much appreciated.

 

Thanks Tax Counsel, appreciate the advice. Parents have some assets and why there is a trust, yet, no experience to say how complex it is. I'd have to guess probably not too bad, they did ok, but we're not talking millions and millions. Also see the value in using professional services to get the details right. Thank you for your reply, comment much appreciated.

 

Thanks adjusterjack, much appreciated!

 

There was one detail (question) I inadvertently left out. The Estate Attorney we're working with said there was a %4.5 charge to incoming assets into the estate either above or below 100k. I thought it was above 100k, something has come up that they're saying below. Either way, is this a normal thing? I'm in ohio, is this a probate directive thing?

 

As I am, thank you for your reply/advice army judge