Trust administration is the process by which a decedent’s trust assets are collected, debts are paid off and the remaining assets are distributed to the named trust beneficiaries. Depending on the type of trust that was created, assets may be distributed outright to the named beneficiaries or they may continue to be held in trust for the benefit of the named beneficiaries. Trust administration is ordinarily a private matter and does not normally involve any Court intervention, expense or delays.
Trustee Representation
In the Trust Administration process, the Trustee has the power to protect and account for your money, other assets and real estate. A Trustee’s duties may include liquidating stocks, bonds, and bank accounts. The Trustee may also have to appraise and sell antiques, collections, residential and commercial real estate and business interests. As this can be very complicated, we can assist by providing legal representation to the trustee.
Contact the Law Office of Ronald E. Doty Jr., A Professional Corporation today to learn more.
