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Trust and Estate Administration

​​A properly drafted and funded trust will generally avoid probate (a “funded trust” is a trust to which you have transferred your assets during lifetime). As a general rule, the trust need not be filed with the probate court. Nonetheless, there are still steps necessary to administer the trust: for example, beneficiaries must be contacted; assets must be gathered, valued and managed; creditors may need to be notified; debts, taxes and final expenses must be paid; and, ultimately, any remaining income and assets must be distributed in compliance with the trust terms. Successor trustees often lack the time, resources or knowledge to personally administer the trust, and therefore may call upon legal, accounting and investment professionals for assistance. 

​If you are in need of assistance in the administration of a trust or estate, please contact me so that we may discuss your options.