You’re a first-time Trustee
You’ve never administered a trust before. Most successor Trustees haven’t. The role carries personal liability, and we make sure you don’t make any missteps.
Service · Within Estate & Trust Administration
You’re the Trustee. We’re in your corner.
When a Trustmaker passes, the successor Trustee inherits a job most people have never done before, with personal liability for getting it wrong. We walk you through every step in the order it needs to happen.
Who This Is For
Most successor Trustees are doing this for the first time.
Trust administration is one of those jobs where what you don’t know hurts you. These are the situations where having a lawyer alongside is worth ten times the cost.
The trust holds real estate
Houses, rentals, vacation property: each needs valuation, possible sale or transfer, and tax basis adjustments. The wrong moves cost real money.
Multiple beneficiaries with different interests
We help make sure all the beneficiaries are heard and receive what they are entitled to. We make sure things are done correctly the first time.
Estate or income taxes are in play
Federal estate tax (706), trust income tax (1041): we coordinate with your CPA so the filings are right and on time.
Just named as successor Trustee?
Most people in this role have never done it before. A consultation will give you a clear picture of what comes first and what to watch out for.
Book a Call How Trust Administration Works
Four steps.
Trust administrations can vary in time. Some take longer than others due to numerous factors.
01
Discovery
We review the trust, identify the parties, examine the assets, and walk through the next steps.
02
Control
We determine how to obtain control over the trust’s assets. Is the trustee in control because the trust currently owns the asset, is the trust named as a beneficiary, or do we need to consider probate in addition to the trust?
03
Administration
This is the tedious work of selling assets, cleaning out the house, filing tax returns, and coordinating with the beneficiaries.
04
Distributions
The final step. Everything needs to be done properly before distributions are made to ensure the Trustee isn’t later challenged by a beneficiary.
You May Also Need
Other services within Administration.
Successor Trustee Support
Lighter-touch help when you mostly want a sounding board, not a co-pilot.
Asset Distribution
The final step done correctly, with proper accountings and releases.
Settling a Loved One's Estate
When you're the family member named to handle everything: the wider view of the work.
A free consultation. No obligation.
You don't have to figure this out alone.
One free consultation. Someone step by step for the rest.