Trust Administration

If you have recently been named Successor Trustee of a Trust or Power of Attorney for someone who is incapacitated, you likely have many questions.

The death or serious illness of a loved one is a difficult time. Whether you have been named successor trustee because someone became incapacitated or has passed away or named power of attorney, we know that this can be a difficult time.

In addition to the uncertainty surrounding illness, injury, or mourning, a person’s financial affairs need to be handled appropriately. There are legal obligations that must be met and rules that must be followed. An experienced trust attorney is vital to help you through this time and simplify the process for you.

As an experienced Trust Attorney in Temecula, California, we can help whether a person left a will, a complete estate plan with a trust, or no planning at all. Even small estates require assistance to transfer assets, obtain life insurance proceeds, file beneficiary claims, and obtain the benefits you are entitled to receive.

If a revocable living trust is in place, the trust must be administered upon passing.

When one spouse passes, the surviving spouse has legal requirements to fulfill. Proper notices must be filed or recorded with different government agencies.

Additionally, the surviving spouse must comply with the terms of the trust and fulfill trustee obligations. An ongoing trusts must adhere to certain requirements to remain valid.

Personal representatives and trustees have many legal obligations to follow. An experienced trust attorney can help you.