Trust Administration

Trust administration refers to the trustee's management of assets held within a trust. By law, these assets must be handled according to the terms outlined in the trust document. The creation of a trust typically avoids the need for probate as all assets should be distributed according to the terms of the trust. The distribution of these assets happens after the death of the settlor, the person who created the trust. 

 Trust Administration Involves:

• Locating beneficiaries and informing them of the trust assets
• Transferring assets and titles
• Settling debts
• Filing taxes for the trust and overseeing court documents

While a trust is meant to keep you out of probate court, the trust may be contested. A contested trust can start a difficult process, often involving probate court. This may happen because of disputes that arise over the validity of a trust, beneficiaries, or some other item of one's estate plan your estate planning goals. For instance, a trust may be challenged if the settlor's mental capacity when formulating the trust is questioned. 

Contesting a trust in probate court can be a lengthy and costly process. At Squires Estate Planning, we recognize how complex probate can be, and we're here to support you every step of the way while protecting your interests.