Trust Administration
Trust Administration differs from Estate Administration. In the administration and termination of Trust affairs, there is no requirement that a Trustee submit to the jurisdiction of the Probate Court. Therefore, unless a Testamentary Trust was used, usually there is no court involvement in winding up the affairs of a Trust. Although formal probate administration may not be required, all Trustees still have a responsibility and duty to administer the Trust according to the terms of the Trust agreement, and as required by Federal and State law. So even without court involvement, the Trustee is held to a high standard of responsibility because of he or she is handling money and assets for other people.
Disability Law Advocates can assist you with all aspects of Trust administration, including the following:
- Gather and assess the value of Trust property
- Prepare an Inventory of Trust assets
- Determine the validity of any debts of the Trust
- If necessary: Arrange for the preparation of tax returns
- Distribute property to Trust beneficiaries
- Prepare Trust Accountings
- Prepare Assents to the Account and close the administration
Elder & Disability Law Advocates represents both, Trustees and Trust Beneficiaries, to ensure that their respective rights and interests are adequately protected. We also provide services to Successor Trustees who take over for an ailing or deceased parent, or other loved. Contact us if you have questions.
Trust Litigation