Trust Administration

When a person who has created a trust and estate plan later becomes incapacitated or passes away, the successor trustee will take control of the trust assets and become responsible for administering and distributing the trust assets as set forth in the trust document and under California law. The successor trustee is often also acting as agent under a power of attorney and executor of the will. We are experienced in representing successor trustees during this often-difficult time and will guide them through the trust administration process. “Trust administration” includes marshaling trust assets, obtaining taxpayer ID number(s), and setting up new account(s) after the death of the trustor. Responsibilities include sending required notices to beneficiaries, creditors and public agencies. We will also assist the successor trustee in selling real property and other trust assets, working with a tax preparer to file required tax returns, and handling final distributions to trust beneficiaries.