Trust Administration is the process a Trust must go through when one or both of its’ creators pass away. The creators have nominated a Successor Trustee to take over the management of their trust when they pass away. This Successor Trustee will need help in making sure the trust assets are managed in accordance with the trust terms and the appropriate laws.

Being a Successor Trustee is a big job that comes with serious fiduciary responsibilities. Many Successor Trustees find themselves in unchartered territories navigating the logistics of the trust terms, dealing with family complexities, and experiencing their own grief. A Successor Trustee has several duties, not limited to publishing creditor notices, marshaling assets, accounting to beneficiaries, filing taxes and making distributions.

Representation

In order to properly administer the trust, a Successor Trustee should hire an experienced attorney, like Elizabeth at Button Law Inc. to ensure that they are properly fulfilling their duty as Successor Trustee.

Contact Button Law Inc. today for a free assessment and help with administrating your loved one’s trust today!