After the death of the trustor (who is the person/s who created a trust), certain steps must be taken to comply with state law, to preserve the federal estate tax exclusion amount, and to change title to assets. This is called “trust administration,” and the complexity of the administration depends on the number and type of assets, their total value, and whether the trust includes tax planning provisions.
Related Pages
Trust Administration Articles
- Estate Planning Defined – Can The Trustee of a Continuing Trust Who is Also The Beneficiary Withdraw Trust Principal?
- Estate Planning Defined – What are the “Pros” and “Cons” of “Transmuting” Property Owned by a Married Couple in California?
- Estate Planning Defined – How Can an HEIR AT LAW Recover Her Share of an Inheritance After the Close of the Probate of Her Relative’s Estate?
- Estate Planning Defined – What Is Community Property?
- Estate Planning Defined – What Is an “Estate Plan”? (Part 3 of 3)
- Estate Planning Defined – What Is an “Estate Plan”? (Part 2 of 3)
- Estate Planning Defined – What Is an “Estate Plan”? (Part 1 of 3)
