Trust administration is a necessary process that occurs after the death of the initial trustee (usually the settlor of the trust). If you are the successor trustee and the initial trustee has died or is no longer able to serve, there are many things that must be done to ensure proper administration. Working with an estate planning attorney throughout the trust administration will provide you with peace of mind as you navigate all the legal responsibilities of a trustee. Call 503-990-6641 for a FREE consultation or fill out the contact form form to get advice from a knowledgeable estate planning attorney in Salem, Oregon.
What are the duties of a trustee?
The duties and responsibilities of a trustee in administering a trust include such things as legal notices to beneficiaries, controlling estate assets, and following the instructions of the trust document. Challenges often arise for trustees when there are conflicts between two or more beneficiaries or when the language in the trust document is unclear. Seeking the advice from an estate planning attorney on these and other issues will provide you with the knowledge needed to ensure the trust is administered properly.