Tag Archives: trusts

How Does the Trust Administration Process Work?

One benefit of having a trust is the fact that each trust can be unique and flexible to a person’s needs at that time. Some trusts can hold a limited amount of property and must be terminated a short time after the grantor’s death. Other trusts can hold millions of dollars worth of property and can provide assets to beneficiaries for many years. The amount of administering a trust requires can vary according to different factors, such as the type of trust, the number of beneficiaries, the amount of property in the trust, and much more. What Does the Trust…

Do I Need An Attorney For A Trust Administration?

“Do I need an attorney for a trust administration?”  That depends. If you are asking whether you are required to have an attorney in order to administer a trust, the answer is “no”. On the other hand, if you are asking whether it is in your best interest to have an attorney guiding you through the trust administration process, the answer is an emphatic “yes”! With all of the responsibilities and duties a trustee has, it is to your great benefit to have an experienced attorney guiding you through the process. In addition to protecting your legal rights, working with…