Who Administers A Trust?

Trust administration is a thorn concept to many people. But, most residents in California need a trust. As mentioned in previous videos, revocable trusts are commonly drafted to allow families to avoid the tedious probate process. Often, the trust creator has passed away, and the successor trustee is typically responsible for administering the trust according to your wishes. Some people choose family members or friends to serve as successor trustees. This is the person who will step in and take control of all of your assets if you become incapacitated or pass away. So it’s critical that you choose someone you trust implicitly, without any reservations. It can sometimes be difficult to think of someone whom you can trust without hesitation. So in some situations, it’s appropriate to consider appointing a professional trustee. This could be a bank or trust company or an individual who knows a licensed professional fiduciary. While they are facing court when the successor trustee is a professional, you have the reassurance and peace of mind of knowing that the wishes you set out in your trust will be on it. The administration process requires some legal knowledge, financial skills, and patience to manage the process. At Weiner Law, we counsel trustees through the administration process to ensure that all legal requirements are met, and the trust is administered under California’s legal standards. Trust administration can be overwhelming and complicated. But, we are here to hold your hands and support you throughout the process. Summary Trust administration can be complex and overwhelming, but it is essential for California residents. Choosing a trustworthy person is crucial, but professional trustees like banks or licensed fiduciaries can also be considered. At Weiner Law, we guide trustees through the legal and financial requirements of trust administration, offering support throughout the process. Contact a San Diego trusts attorney for more information. Weiner Law 12707 High Bluff Drive Ste. 125 San Diego, CA 92130 (858) 333-8844 https://weinerlegacylaw.com/