Trust Administration

Expert Trust Administration: Secure Your

Assets, Simplify Your Life

At E.P.P.G. Law of St. Johns, we understand the significance of trust administration and are here to provide you with expert guidance every step of the way. Call our office in St. Augustine, FL, at (904) 875-3774 to request an initial consultation.

What Is Trust Administration?

Trust administration refers to the process of managing a trust after the trust maker (also known as the grantor or settlor) has passed away. It involves carrying out the wishes and instructions of the trust maker as set forth in the trust document and ensuring that the assets held in the trust are distributed to the beneficiaries in accordance with the terms of the trust and law.

The duties of a trustee in trust administration may include managing the assets held in the trust, paying any outstanding debts or expenses, filing tax returns, distributing assets to beneficiaries, and providing periodic reports to the beneficiaries.

Trust administration can be a complex and time-consuming process, and it is important for the trustee to have a thorough understanding of the trust document and any applicable laws and regulations. In some cases, the trustee may also seek the assistance of legal and financial professionals to ensure that the trust is administered properly.

Do I Need a Lawyer for Trust Administration?

Whether or not you need a lawyer for trust administration depends on the complexity of the trust and your comfort level with legal and financial matters. While it is possible for a trustee to handle the trust administration process independently, it can be complex and time-consuming, especially if the trust assets are substantial or if there are disputes among the beneficiaries.

If you are still determining your ability to handle trust administration independently, it is always a good idea to seek the advice of a lawyer specializing in trust and estate planning. An experienced attorney like Heather can provide valuable guidance and support throughout the trust administration process and help ensure the trust is administered according to the law and the trust maker's wishes. Additionally, involving a lawyer in the process can help minimize the risk of disputes and litigation among beneficiaries.

If you are the successor trustee of a trust and would like representation to help you through this complicated process, please call us at (904) 875-3774.

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