Helping You Understand Trust Administration
An attorney is helpful during a Trust Administration to advise the successor trustee on the steps to take after the death of the Settlor/Grantor. A Trust Administration involves those assets which were funded into the trust during the Settlor/Grantor’s life, or which pass to the trust as beneficiary at the Settlor/Grantor’s death. Every situation is different, but generally a Trust Administration involves the following:
- Preparing and Filing a Notice of Trust with the proper county court.
- Giving timely notice to interested parties of trust administration.
- Preparation and execution of acceptance of successor trusteeship
- Inventory preparation
- Directing need for appraisals
- Directing need for CPA to file necessary tax returns
- Assisting with in kind distribution or liquidation of assets
- Deed preparation
- Obtaining tax identification number for the trust
- Drafting and obtaining consents of all beneficiaries to distributions.
Our firm is prepared to help you navigate a trust administration.
Consult With An Attorney Today
To speak with a lawyer experienced in trust administration, call us today at 863-465-5033. We serve neighboring geographies Sebring, Avon Park, Wauchula and Okeechobee from our office in Lake Placid. For your convenience, we are also available by email via our contact form.