TRUST ADMINISTRATION
Responsibilities of A Trustee
If you have been named a trustee, you must follow each step correctly and promptly to avoid complications. We strongly recommend seeking guidance from an attorney who can help you avoid mistakes in the trust administration process of your loved one. The trustee is responsible for:
- Contacting beneficiaries
- Collecting assets and property
- Creating an inventory of assets
- Paying outstanding debts of the estate
- Distributing assets and property
We guide families thru all stages of estate administration to ensure timely, specific execution of your estate plan.
Our Trustee Services
Delegating these complex tasks to an experienced trustee or administrator is more secure and organized than relying on family or friends to settle your affairs.
As your trustee, we act as your fiduciary to carry out the terms of your trust exactly as you planned. We can act as sole trustee, co-trustee, or successor trustee.
- Trust administration
- Investment management
- Custody services
- Trust accounting
- Tax review and reporting
- Record keeping services
We can also help you with...
Estate Planning
Preparation of trusts, wills, and related documents for handling financial and healthcare matters at death or incapacity.
Probate
Similar to Trust Administration, however, Probate is a court process used when the decedent had some or all assets outside of a Trust.