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Become an Organized Trustee
Learn the Basics of Trust Administration
Download Your Free Report Today
If you’ve been named the trustee of a loved one’s Trust, download our free report, “Trust Administration: Prior Planning Prevents Problems” to find out more about trustee duties and the Trust Administration process. This free report was drafted by some of the most respected Estate Planning attorneys in the country and contains information you will need that can help make the process of administering a Trust easier.
Trust Administration Basics:
Trust Administration is the process of managing the Trust assets per the specifications of the Trust document. Assets that are funded into a Trust can generally avoid Probate. Playing the role of trustee can be difficult and carries a lot of responsibility and potential liability for trustees.
Trust Administration Duties:
The trustee has a long list of important responsibilities. Some of the duties include paying Trust debts and taxes, distributing assets and income to the proper beneficiaries based on instructions in the Trust, and securing as well as investing Trust assets.
The trustee is expected to treat the administration of the Trust to the highest level of degree, even over his own assets. Trustees are obligated to administer the Trust impartially and cannot participate in actions deemed self-promoting. If accused by another beneficiary of misappropriation of Trust Assets, the trustee can be challenged in a courtroom.
There are so many complicated issues that go along with Trust Administration. Find out how to make the process easier with the help of qualified Estate Planning attorneys.
Download “Trust Administration Prior Planning Prevents Problems” and find out: