Jupiter, Florida • Nina Smith Law, PLLC
Trust Administration and Successor Trustee Guidance
Revocable trusts are a commonly used estate planning tool, and for good reason. Utilized and funded correctly, revocable trusts avoid probate proceedings and can be used to transfer assets easily, can serve as an alternative to guardianship, delay or stagger distributions to young beneficiaries, protect a disabled beneficiary's benefits, the list goes on.
When the creator of a trust passes away and it comes time to divide the property, engaging an attorney experienced in trust administration can save successor trustees time and headaches. Whether you need assistance preparing inventories, distributing assets, or managing ongoing trust responsibilities, we look forward to de-mystifying the process and guiding you through.
How Nina can help
- Trust inventories
- Asset distribution
- Continuing trust duties
- Successor trustee representation
What a successor trustee does
Review the trust. Read the trust document to understand its instructions.
Identify trust assets. Make an inventory of what the trust owns.
Handle continuing duties. Manage the trust as its terms require.
Distribute assets. Transfer assets to the beneficiaries as the trust directs.
Trust administration and probate
Assets held in a properly funded trust generally do not go through probate. If the person also owned assets outside the trust, probate may still be needed. Nina can help with both.
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