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About Trust Administration
Although a comprehensive estate plan with a well drafted and properly funded trust generally avoids probate, there are still steps that need to be taken to formally administer the estate of a decedent. Generally, the basic responsibilities of the successor trustee include the collection, management, and distribution of the trust estate. The trustee must strictly follow the terms of the trust using care and diligence in managing and distributing the trust assets. A trustee can be held personally liable if they fail to do so.
For joint trusts (typically involving a husband and wife) there are tasks to complete at both the death of the first trustor and at the death of the second trustor.
How We Can Help
We can assist with many of the following requirements:
Complimentary Initial Consultation
Losing a loved one is a stressful event. If you need assistance with the administration of an estate or trust, please contact us to schedule a complimentary consultation. Our clients find that hiring counsel to navigate through the legal and practical issues that arise can be very helpful.