What is Trust Administration?
After an individual with a Living Trust passes away, a Trustee must step in and administer the trust, in a somewhat similar fashion as a Personal Representative administers a Probate as described above. Unlike probate, the Trustee is not required to appear in Court or report to the Court, and the trust’s assets therefore remain confidential. We assist the Trustee in gathering and liquidating all assets owned by the Living Trust and distribute them to the beneficiaries in accordance with instructions in the Living Trust. Although complicated, this process can save thousands of dollars of costs in comparison to probate.
Easton Law will help you navigate Trust Administration.
Contact Easton Law today at (262) 654-8669