Many people create trusts during their lifetimes to protect their families from the costly and timely process of probate, to reduce federal estate taxes, to protect a loved one with special needs, and for a variety of other reasons. When it comes time to administer a trust, the trustee may seek assistance from an attorney to ensure that the process is completed in accordance with the law.
If you have questions about the trust administration process, please contact the Law Offices of Alice A. Salvo. A California trust administration attorney can answer your questions and guide you through the trust administration process, and finalizing your loved one's estate, if applicable.
Understanding Trust Administration
The process of managing the assets held in a trust is known as trust administration. The trust administration process can take place while the creator of the trust is still living, or after his or her death. A trustee is the individual responsible for overseeing the trust administration process.
The process of administering a trust may vary depending on what type of trust was created. Our law firm can help you administer irrevocable trusts, revocable trusts, special needs trusts, life insurance trusts, and other types of trusts. We can also assist in the process of dissolving the original trust and creating subsequent trusts to transfer assets. We will keep your financial best interests in mind at all times and consider any tax implications.
Additional information: What is probate?
Contact a California Trust Administration Lawyer
For help understanding trustee duties or meeting the requirements of estate administration after a loved one's death, please contact us online or call 818-676-9572.