Serving as Trustee?

Get the Facts on Trust Administration

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If you’re serving as Trustee of a loved one’s Trust, you might wish there were a simple Trust Administration checklist you could follow to make sure you’re fulfilling all your duties. While there’s no universal Trust Administration checklist, your job as Trustee can be easier when you know what’s expected of you and have the right guidance.

What Exactly Is Trust Administration?

Trust Administration is what happens when you manage the property of another person, whether or not that person is still living. As Trustee, you’re responsible for carrying out the terms of the Trust, and this can mean a wide range of obligations.

Your Job as Trustee

Back to that Trust Administration checklist; although there’s not one single, universal to-do list, there are some responsibilities shared by most Trustees. For example, Trust Administration means keeping beneficiaries informed, managing Trust property, dealing with taxes and creditors, and making sure each beneficiary ultimately inherits according to the terms of the Trust.

Find Out More

When you download your free report, you’ll find out:

  • The meanings of key Trust Administration terms
  • What you, as Trustee, should do following the funeral
  • What liability you might face as Trustee
  • How you, as Trustee, can avoid liability
  • What to do about taxes, creditors, and more
  • What goes into making your own, individualized Trust Administration checklist

Trust Administration is an important duty, but it doesn’t have to be overwhelming. Call us to find out how a qualified estate planning attorney can help you in your duties as Trustee.

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Directing Assets Into A Trust

Most people are going to have to choose between a will and a trust when they are making estate plans, and there are some significant advantages that go along with opting for a revocable living trust.

When you use a revocable living trust you can enable the transfer of assets to your loved ones outside of the process of probate.  Probate is a le read more–>

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