Make the Trust Administration Process Work for You

Get Organized Today with a Trust Administration Checklist

Download Your Free Report Today

Losing a loved one can be a traumatic experience to say the least. If you are inheriting the responsibilities of managing the Trust on behalf the deceased, it can be difficult to find the strength to make critical financial and legal decisions in the midst of grieving; however, with a little planning and help from an Estate Planning Attorney that has the knowledge and legal skills to guide you through the process, Trust Administration does not have to be a complicated matter.

What is Trust Administration?

The process of administering the Trust on behalf of the Trustor (Trust creator) is called Trust Administration. The trustee is responsible for overseeing the Trust Administration process. Some of the duties associated with Trust Administration is settling the financial affairs of the estate, such as settling debt, and filing and paying taxes, paying any professionals helping with the management of the Trust, inventorying and having the assets appraised, as well as notifying heirs and providing periodic accounting reports of Trust matters.

An estate planning attorney can provide the following services:

  • Explanations and advice regarding the terms of the Will and Living Trust
  • Advice on how the Trustee should perform his or her duties in notifying the beneficiaries and heirs
  • Instructions, as required by law, on the forms and notices needed to be sent to heirs and beneficiaries
  • Information on the rules regarding tax payments, selling of assets and property distribution to heirs and beneficiaries
  • How to handle disputes between Trustee, beneficiaries and heirs so as to avoid Probate or Trust litigations

As you can imagine, your duties can become overwhelming rather quickly.

Take a moment and download our FREE report, “Trust Administration: Prior Planning Prevents Problems” and learn what others know about estate planning and the importance of working with estate attorneys who understand the turf and are experts at what they do. They can help you navigate the Trust Administration checklist.

Your FREE report will reveal the following:

  • Your duties as a Trustee
  • How to determine taxes owed on an estate
  • Terminology you must become familiar with as a Trustee
  • And more

Featured Blog Post

Elderly Residents Warned of Living Trust Scams: Part 3 of 3

Elderly residents should be wary of high-pressure tactics from overbearing salespeople who pressure them into giving them your financial information. Be wary of con artists throwing around probate law terms like “executors.” You should always be suspicious of … read more–>

Clear Lake, Houston, Katy, Kingwood, Sugar Land, The Woodlands & The Greater Houston and Memorial areas