Trust Administration
Trust administration is the legal process by which a successor trustee manages, oversees, and distributes the assets within a trust after the person who created the trust (grantor or settlor) passes away or becomes incapacitated.
This process typically allows the estate to avoid probate and ensures that the grantor’s instructions in the trust are followed.
Our firm provides personalized trust administration services to assist trustees with:
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Helping trustees understand and fulfill their legal responsibilities, including acting in the best interest of beneficiaries.
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Assisting with the identification, collection, and management of trust assets.
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Coordinating the distribution of assets according to the terms of the trust and ensuring beneficiaries receive their entitlements.
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Assisting to resolve potential disputes among beneficiaries to maintain consensus and avoid litigation.
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Ensuring that the trust administration process complies with applicable state and federal laws and the trust’s terms.
Probate
Our firm also provides probate services. Probate is court-supervised process for managing and distributing the estate of a deceased person.
This legal process ensures that assets are distributed according to the deceased’s wishes (as stated in their will) or according to state law if no will exists. When someone dies with a will, the legal term for the deceased is testator and without a will it is called dying intestate.
Probate is a multiple step process, and our services include:
Court filings and compliance, asset inventory and appraisal, debt and expense management, and distribution of assets.
