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Trust Administration
Trust administration is the process of managing and distributing assets that are held in a trust. When the person who created a trust (settlor) passes away, the assets in that trust must be distributed to the beneficiaries. Trusts provide a high level of control over how assets are handled, allowing settlors to set specific terms for administration. Trust administration in California can be a demanding process if the person in charge of handling the trust (Successor Trustee) is unfamiliar with the necessary procedures and regulations.
As part of the trust administration process, trustees often must notify beneficiaries, contact creditors, handle tax considerations, settle debts and transfer ownership of trust assets. Trustees must also take note of statutory requirements and strict deadlines. In addition to all of these tasks, there is perhaps the most important duty of a trustee, which is to honor the settlor’s legacy. This can be difficult to do if the trustee is overwhelmed with an extensive list of to-dos and feels the weight of complex legal requirements.
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Client Reviews
Shadi is Fabulous…. She is REAL. She answered my concerns & questions and made a bad situation hopeful. Shadi I believe handles Trustees & I am a beneficiary. When I step up to trustee in the future, I want her law firm to represent my family trust. Thank you so much.
I have used Asset Protection and Elder Law Center a few times over the years for my family’s estate planning needs. They do a fantastic job. I would use them again and refer them to anyone I know. Valerie Pasion was the attorney that helped me and she did a fantastic job.
This was an excellent experience. The customer service was great. Carol is a gem to work with. She always responded to me the same day. The attorneys are knowledgeable and were able to get us set up quickly and correctly. I would highly recommend Asset Protection & Elder Law Center.
Shadi helped us make our family trust. She and her team are extremely competent and very caring for their customers.
I am so thankful to have found Asset Protection & Elder Law. Shadi and Taline were able to help my brother and I close a complex property inheritance issue after multiple other law firms were unable to do so. Working with them was an absolute pleasure. They were always quick to respond to my...
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