A trust, like a will, outlines how your estate assets (such as bank accounts and property) will be distributed after you pass away. One common type is a living trust, which lets you transfer assets into the trust while you’re still alive. Unlike a will, a trust can help your family bypass the probate process, making it a preferred choice for many individuals.
Trust administration refers to the process that begins after the trust’s creator passes away. This involves carrying out the trust’s terms as intended by the creator. The person in charge of taking care of the trust and trust assets is known as the fiduciary. The trust administration process can be complex and stressful, even with the most comprehensive estate planning documents.
To simplify the process, it’s essential to have a skilled attorney who can guide your family in distributing the trust assets efficiently and in compliance with New York law. We’ll take care of the fiduciary duties properly. At Fales Law Group, we focus on trust administration, helping families manage this process with confidence and ease.
Our team offers comprehensive estate planning services and ensures that the trust administration process is seamless, leaving your family with peace of mind during a challenging time. We’ll cover everything from maintaining accurate records to distributing trust assets and paying debts.
Whether or not you already have a living trust, our Living Trust attorney in New York can guide you through every step of the trust administration process, including:
At Fales Law Group, we help families create clear, effective plans to avoid probate and minimize complications, providing a solid foundation for your legacy.
Common Questions
A trust fund administrator is responsible for managing the trust’s assets, both while the creator is alive and after they pass away. Administrators may be an attorney, financial institutions, or trusted individuals designated in the trust. At Fales Law, an experienced trust administration lawyer will be in charge of your trust document.
The cost of setting up a trust in New York depends on the complexity of the trust and your unique situation. Contact us for a free consultation to receive a personalized quote.
Living Trusts are Outdated
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The percent of your assets that could go to Probate Fees
Fales Law Group, we are committed to simplifying the trust administration process for families in New York. Our experienced Living Trust attorney is ready to guide you through every step with efficiency and care. Schedule your free consultation today and get the assistance you need to protect your family’s future.
