Wealth management and estate planning are vital to preserving and growing your family's legacy. As individuals accumulate assets over time, it becomes essential to consider how those assets will be managed and passed on to future generations. Estate and trust administration attorneys play a pivotal role in this process by offering expert legal guidance.
The Steps of Trust Administration
After the creator(s) of a trust have passed away, the designated successor trustee then takes on the crucial role of administrating that trust. Administering a trust involves several critical steps to ensure that the trustee manages the trust according to its terms and in the best interests of the beneficiaries. Understanding these steps can help trustees fulfill their duties effectively and avoid legal complications.
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