Trust administration begins when a person dies and leaves behind an estate plan that includes a trust. The person named as successor Trustee will need to step in to manage trust assets, pay off your creditors, and eventually distribute the assets held within the trust per the Trustor/Grantor’s wishes and instructions.
In the state of California, Trustees have specific deadlines for filing notices for beneficiaries. Also, if there is any real property in the trust, numerous legal documents changing ownership must be filed with the appropriate County Recorder/Assessor offices of each county where real estate is located.
The proper administration of a trust can be very complicated and can involve a series of clerical and accounting tasks that are quite demanding. At Duisters & Parvizi, our main concern is helping our clients identify their priorities as successor Trustees, clear up inconsistencies, and answer complicated legal questions, and for those that have lost a loved one, freeing them to focus on their personal healing.