Experienced Guidance For Trust Administration In Indian Wells, CATrust administration is a complex but necessary process that must be undertaken when the settlor of a trust passes away.
Whether you have been appointed successor trustee or you are the beneficiary of a trust, it is important to know your rights and obligations. The Desert Soto Law Group in Indian Wells, California can guide you through the trust administration, making a complex process much easier to bear.
The Trust Administration Process In California
We will meet with you and gather all of the pertinent information and explain the trust administration process ahead of time. We will learn your family dynamics and what needs to be done. Based on the information we gather from these conversations, we outline our recommendations, including all fees, deadlines and responsibilities.
Some of the most important steps in the trust administration process include:
- Giving notice to all beneficiaries of the trust
- Transferring title of real property that was held in the trust
- Identifying all property held in the trust, including bank accounts, investments and transferring ownership to the beneficiaries
- Paying debts and taxes
Talk To An Attorney Who Can Help If you are seeking knowledgeable trust administration guidance in the Coachella Valley, our law firm is here to guide you through the process. Contact us today online or by calling 760-610-0519.