Trusts Attorney in Roseville, California

What is trust administration?

More In This Category

View Transcript

Trust administration is the process that occurs when the trustor or trust maker passes away. Upon the trustor’s death, the successor trustee assumes the role of trustee and manages the assets of the trust maker. This involves an administrative process to facilitate the transfer of assets to the beneficiaries or allocate them to the sub-trusts, as outlined in the trust document. The trust administration process includes adhering to specific laws and provisions detailed in the trust, which are crucial for the trustee to follow.

Roseville, CA estate planning & probate attorney Kristin M. Kaminski talks about trust administration. She notes that trust administration is the process that takes place after the trustor, or trust maker, passes away. Upon the trustor’s death, the successor trustee assumes responsibility for managing the trust’s assets. This process involves administering the trust in accordance with its terms, facilitating the transfer of assets to the beneficiaries, or allocating them to sub-trusts as specified in the trust document. Throughout trust administration, the trustee must adhere to the applicable laws and the specific provisions of the trust, ensuring that all actions are carried out properly and in accordance with the trustor’s intentions.

More Videos From This Lawyer