Trust Administration
Sacramento Estate Planning Attorney
Though it is ideal to think that most
estates are
distributed and administered without issues, there are
circumstances where a dilemma may arise. If you would like
guidance as you administer a trust or if you are a new trustee
and need help during the trust administration process, The
Woodbury Law Office can help.
The trust administration process typically includes the
following basic steps:
-
Once a trustor (the person who creates a trust) passes away, a
named trustee must administer the trust in the way the trustor
has specifically detailed.
-
The trustee must notify all heirs and beneficiaries of the
trust within 60 days of the death.
-
Potential recipients will have up to 120 days to file a trust
contest. If no contest is filed, the trust can be
administered.
-
The trustee will be responsible for handling all real property
to be distributed as part of the trust administration process.
-
The trustee must collect all other assets, including debts and
taxes.
-
The trustee must keep detailed accounts of all financial
affairs pertaining to the trust.
-
The trustee must determine all beneficiaries and then
distribute all assets.
We understand that losing a loved one can be incredibly
difficult. Dealing with the headache of a complex legal process
is probably the last thing that you want at this time.
With Janell Woodbury at
The Woodbury Law Office
at your side counseling you every step of the way, you can make
informed and empowered decisions for the future. We are ready to
help guide you through the trust administration process.
Call The Woodbury Law Office
to speak with Attorney Janell Woodbury of The Woodbury Law
Office. As a skilled Sacramento
trust attorney, she would be happy to meet with you
confidentially to discuss the specific nature of your trust
administration questions.