Trust Administration. What’s That?
CunninghamLegal – The Living Trust Lawyers
Trust Administration – What’s that?
This is a question we get on occasion from clients. The terms trust administration or trust settlement refer to the process of following through with the trust provisions and distributions after someone has died. This process may involve helping the trustees (often a family member) with gathering and liquidating assets such as real estate and investments. Trust administration can also involve navigating tax aspects of the trust, or dealing with problem beneficiaries. The trust administration process, when done correctly, aids the trustee in making sure that all provisions of the trust are accurately adhered to, that the inheritance is properly distributed to the correct individuals and that all taxes and other obligations are specifically addressed.
We invite you to contact us any time for an appointment with our legal and tax experts to discuss trust administration. We have offices throughout California, and we offer in-person, phone, and Zoom appointments. Just call (866) 988-3956 or book an appointment online.
James Cunningham Jr., Esq.