Fullerton Trust Administration Attorneys
Ensuring Trust Funds Are Properly Administered in Fullerton, CA and Bellevue, WA
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 and Bellevue trust administration lawyers can represent you and ensure that your loved one’s trust is administered properly.
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
At 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.
Work with compassionate and experienced estate planning and elder law attorneys who will help you plan for the unknown and protect you and your loved ones.
Marty Burbank Attorney
Over Three Decades of Experience & Service the Community
Home Visits Available for Those Who Are Unable to Travel
Services Available in Spanish & Korean
Free 30 Minute Evaluation