Trust Administration in Southern California
Helping Residents Fulfill Their Trustee Duties
Scott D. Fisher provides guidance and legal counsel to individuals designated
as trustees of another person's assets and estate. While the living
trust you manage does include the specific directions for each element
and beneficiary, the task of administering the trust upon the owner's
passing can prove to be a stressful job—especially when you lack
full knowledge of legal and administrative requirements for carrying out
one's responsibilities as a trustee. If you are the trustee of an
estate that was left in your charge by a loved one, our firm is here to
offer you the information, counsel and guidance you need during this time.
While trusts eliminate the workload associated with probate, trustees are
held under certain guidelines and deadlines to carry out their responsibilities.
Upon the passing of the estate owner, a trustee will be expected to prepare
various legal documents, file proper tax returns and arrange for the official
transfer of assets for the beneficiaries. Furthermore, this must all be
completed within a certain amount of time. While you may have official
responsibility to carry these tasks out, it is recommended that trustees
needing guidance to properly carry out their tasks seek legal counsel
to supplement their efforts.
Immediately following the death of the estate owner, the responsibilities
of a trustee will come into effect. These responsibilities may include:
- Sending notice to each beneficiary / heir within 60 days
- Collecting, managing, investing, and distributing assets appropriately
- Paying routine administration expenses out of the trust estate (ex: taxes
and accountant fees)
- Keeping any beneficiaries or heirs informed of the administration process
Serving all of Southern California
Scott D. Fisher has been helping clients successfully handle their trust
responsibilities for more than 25 years. We understand how stressful and
challenging it can be to maintain your duties as a trustee, which is why
we are here to help.
To schedule your free initial consultation, be sure to
contact our firm today.
You can also contact us via our 24-hour voicemail service at 323-989-4860.