Trust Administration

A Trust Administration is a process wherein the assets held in a trust are properly managed and/or distributed after the settlor (creator of trust) has passed away.  This process can involve several steps, such as transferring assets into the trust, paying taxes and expenses, and distributing assets to the beneficiaries named in the trust document.

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One of the primary benefits of Trust Administration is that it allows for greater control over how assets are distributed after death. By creating a trust, the settlor can ensure that their assets are distributed according to their wishes and avoid the potential complications and delays associated with probate. Additionally, Trust Administration can provide privacy and flexibility not available in other types of estate planning.

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Trust Administration can be complex, mainly if many assets or beneficiaries are involved. Working with an experienced Trust Administration attorney who can provide guidance and support throughout the process is essential. The attorney can help manage the Trust Administration's legal and financial aspects and communicate with the beneficiaries and other interested parties.