Having a trust established for your estate carries many benefits and streamlines the process for your beneficiaries to inherit your assets as well as allowing them to keep administration costs down by staying out of court. The trust administration process can be completed in a couple of months if there are no issues among the beneficiaries or disinherited persons (if any), or it can take years to complete if the trust is complex or the people involved disagree. Below you will find a simplified checklist for the Trust administration process. If you are the trustee, it is always advised that you have an attorney guide you through this process. It is very easy to make small errors that can create big problems. If you would like to schedule a consultation with our office to review the trust and assist you in the administration, please contact us to schedule an appointment.
THE FOLLOWING CHECKLIST IS VERY GENERAL AND SHOULD NOT BE USED AS A SUBSTITUTE FOR ATTORNEY ADVICE. IT IS A SIMPLE ROAD MAP TO ILLUSTRATE THE GENERAL TRUST ADMINISTRATION PROCESS. EACH ADMINISTRATION IS UNIQUE AND MAY REQUIRE ADDITIONAL PAPERWORK AND FILINGS.