Trust Administration

Although essential after-death tasks in Probate and Trust Administration  are similar, Trust Administration is usually quicker and less expensive than Probate. Upon the death of a Settlor (the person who established the Trust), the Trustee (the person who runs the Trust according to its directions) administers the Trust without Probate Court oversight unless it is necessary. After a Settlor’s death the Trustee must do the things the Trust directs, and that are required by Tax Authorities and the law. These include identifying and gathering Trust Property, establishing values for estate tax and distribution purposes, dividing Trust Property into shares, filing tax returns for the deceased Settlor and the Trust, paying Trust expenses, distributing Trust Property, creating an accounting, and terminating the Trust.  We will advise and assist Trustees with all aspects of Trust Administration.

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