Trust Administration

A properly drafted and funded trust is designed to keep your estate out of Probate. The trust need not be filed with the probate court. Nonetheless, there are still steps necessary to administer the trust: beneficiaries must be contacted; assets must be gathered, valued and managed; potential creditors must be notified; debts, taxes and final expenses must be paid; and, ultimately, any remaining income and assets must be distributed in compliance with the trust terms. If a Successor trustee lacks the time, resources or knowledge to personally administer the trust, they may call upon legal, accounting and investment professionals for assistance. A Corporate fiduciary (e.g., a trust company) can be an alternative to relying solely on busy family members or friends to serve as trustee. Our office can help your successor trustee if he or she needs help with administering your trust. Please call our office and we will be happy to schedule a consultation, whether or not our office has drafted the original trust.