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What is an Administrative Trust?

An administrative trust is essentially the period of time during which a trustee gets his or her legal ducks in a row.  They might pay debts or taxes prior to the distribution of funds to the beneficiary or collect assets.

Watch this short legal webinar from Estate Planning and Trust Administration attorney, James L. Cunningham for more information about what an administrative trust is and why you need to understand it–especially if you’re a trustee!

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