One of the primary reasons a settlor or grantor creates a trust is to avoid having to go to probate court to distribute assets to beneficiaries. Probate is done publicly, it is lengthy, and can be costly. Fortunately, a fully funded trust can avoid probate altogether. Upon the passing of a settlor or grantor, the trustee should visit an attorney to help review the trust and come up with a comprehensive plan to administer the trust.
There are several key steps that need to be taken before the beneficiaries receive their inheritance such as: gathering the assets, notifying potential creditors, filling any taxes, and paying off burial and other expenses. OC Elder Law has many years of experience in trust administration and can help a trustee navigate through this process and give the trustee peace of mind.