Trust Administration

Trust Administration involves the management of trust property according to the trust document’s terms.  We help trustees to understand and fulfill their responsibilities when it is time to administer a trust.  We work with the trustee to navigate this process efficiently and ensure that the terms of the trust are being met.

We can assist with the following matters:

• Notice to beneficiaries
• Transfer of title for any assets
• Recording a change of ownership in real assets
• Property tax exemption
• Ascertain all trust assets and debts
• Obtain a federal tax identification number (FEIN) for the trust
• Determine any tax liabilities and tax return filing requirements
• Help with the accounting obligation
• Distribution of any remaining assets in accord with the trust’s provisions