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Short & Stevens Law

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Trust Administration

About

Trust Administration

When a trust becomes active, someone has to administer it. That can mean managing assets, reviewing the trust terms, communicating with beneficiaries, preparing notices and accountings, paying expenses, and making distributions.

For some trustees, that process feels manageable. Others prefer guidance throughout the administration or help with only the more complicated parts.

Short & Stevens Law can assist with as much or as little of the process as you need — from interpreting the trust and organizing next steps to accounting, notices, beneficiary communication, and final distributions.

More Than Following

A trustee has a duty to manage the trust carefully and carry out its terms for the benefit of the beneficiaries.

Understand the Trust

Review the trust terms, identify your authority, and understand what the document requires.

Manage Trust Assets

Protect property, accounts, investments, and other trust assets throughout administration.

Communicate & Account

Keep beneficiaries informed and maintain clear records of trust activity when required.

Distribute & Complete

Pay appropriate expenses and distribute assets according to the trust before closing administration.

Key Terms

Trust Administration

Trustee

The person or entity responsible for managing the trust.

Successor Trustee

The person or entity who steps in when the originally named trustee is unable or unwilling to serve.

Grantor / Trustor / Settlor

The person who created the trust.

Beneficiary

The person or entity entitled to receive benefits or assets from the trust.

Words From Our Clients

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FAQ’s

Frequently Asked Questions

When does trust administration begin?

Administration often begins when the person who created the trust dies or when the current trustee can no longer serve.

It depends on your assets, family structure, goals, and how you want your estate handled. An attorney can help you compare the options.

It depends on your assets, family structure, goals, and how you want your estate handled. An attorney can help you compare the options.

It depends on your assets, family structure, goals, and how you want your estate handled. An attorney can help you compare the options.

It depends on your assets, family structure, goals, and how you want your estate handled. An attorney can help you compare the options.

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