Trust administration becomes necessary when an individual establishes a trust during their lifetime and passes away. In such cases, a successor trustee takes charge of preserving and securing the trust assets, notifying creditors, settling debts and tax obligations, and distributing the trust assets in compliance with the written instructions outlined in the trust. Unlike probate, trust administration does not require court supervision. Trust administration typically takes less time and is more cost-effective than the probate process. However, an attorney is often retained to assist the trustee in fulfilling all legal obligations and provide guidance on the trust administration tasks. If you have been appointed as a successor trustee of a trust, we are pleased to offer our assistance. Contact us today for a free consultation.