Trust Administration
Practice Areas
What is Trust Administration?
Trust administration refers to the process of managing a trust after the creator of the trust (the "grantor") has passed away or become incapacitated. This includes carrying out the terms of the trust, distributing assets to the beneficiaries, and managing the trust's assets.
The person responsible for trust administration is called the "trustee." The trustee has a fiduciary duty to manage the trust in the best interests of the beneficiaries and to carry out the terms of the trust. The trustee is also responsible for keeping records of the trust's transactions and providing accountings to the beneficiaries.
Trust administration can be a complex process, and it is important for the trustee to follow the legal requirements for administering the trust. This may involve working with attorneys, financial advisors, and other professionals to ensure that the trust is properly administered.
Contact us.
Call us to set up an appointment at (562) 955-5700 or fill out the form below to receive a free and confidential initial consultation.