Trust Administration


Death of the Individual Trustor

See Death of the Surviving Spouse

Death of the First Spouse

Upon the death of the first spouse, an attorney can review the surviving spouse’s estate plan to make sure the trust and other estate planning documents are up to date an still appropriate for your current goals. In the event the trust has tax planning devices in its terms (such as an A – B Trust or Q – Tip Trust) that are triggered by the death of the first spouse, an attorney can assist with the implementation of those devices.

Death of the Surviving Spouse

(or Death of the Individual Trustor)
The Probate Code governs the distribution of trust assets and outlines certain actions required to be taken by the Trustee prior to asset distribution. Many of the requirements are in place to protect trust beneficiaries. The Probate Code requirements, in addition to tax laws, are complicated and an attorney can assist in making the Trustee aware of those laws and implementing the requirements.

 

 


Please call for a no cost initial consultation.



 

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