Fullerton Trust Administration Attorneys
Ensuring Trust Funds Are Properly Administered
A trust is a legal vehicle that allows the creator to set aside assets
and eventually pass them onto beneficiaries of their choosing. Creating
and funding a trust can help you minimize fees and taxes, reduce the hassle
of passing down assets, or establishing a legacy of charitable giving.
When the trust’s grantor passes away, the assets are administered
according to the terms of the trust. This administration process is best
navigated with the support and counsel of a knowledgeable attorney. At
OC Elder Law, our Fullerton trust administration lawyers can represent
you and ensure that your loved one’s trust is administered properly.
(800) 220-4205 or
contact us online to discuss your case with our team.
Effective Trust Administration Services to Avoid Probate
One of the primary reasons a settlor or grantor creates a trust is to avoid going to
probate court to distribute assets to beneficiaries. Probate is a costly, lengthy,
and public process that is best avoided when possible.
Fortunately, a fully funded trust can avoid probate altogether. When a
settlor or grantor passes away, the trustee should consult with an attorney
to help review the trust and implement a comprehensive plan to administer
the trust’s assets.
There are several key steps that need to be taken before the beneficiaries
receive their inheritance. These include:
- Gathering the assets
- Notifying potential creditors
- Filing any taxes
- Paying off burial expenses and other fees
Consult with Us Today
OC Elder Law, our trust administration lawyers in Fullerton have decades of combined
experience. We recognize the importance of proper trust administration
and are eager to apply our skill and knowledge to your case. Since 2003,
our firm has been helping trustees navigate this detailed and often overwhelming
process. We also represent clients in
trust litigation when disputes arise during the administration process.
Reach out to us today by calling