Practice Area
Trust Administration
Guiding trustees through the entire administration process — efficiently, properly, and without unnecessary stress.
What trust administration involves
Living trusts are drafted to avoid the probate process and eliminate much of the work related to administering an estate. While trusts often achieve this purpose, many questions arise for those handling the affairs of a trust estate — and the guidance of an experienced attorney often proves invaluable.
Notifying affected parties to the trust administration
Payment of estate debts and expenses with trust assets
Obtaining a tax ID number for the trust
Procedures for opening a trust bank account
Identifying and preparing an inventory of trust assets
Disposing of or giving away personal property items
Recovering estate property in the possession of a third party
Keeping a ledger of income and expenses incurred by the trust
Distributions to beneficiaries
Closing the affairs of the trust estate
Closing in a manner that eliminates the risk of future problems
Why trustees engage Santiago Law Group
Trustees owe fiduciary duties to beneficiaries, and misconduct or mismanagement can be costly and stressful. Trusts typically allow trustees to pay attorney fees directly from trust assets, so trustees are well advised to involve attorneys to protect their personal interests. We work on an "as-needed" basis, dispensing advice and guidance as requested. Because we offer free initial consultations, any trustee with questions should contact Santiago Law Group.
Questions about administering a trust?
Call (818) 657-5600 — initial consultations are free.