One of the primary advantages of a trust (versus a will) is that a trust allows your family to avoid the process of probate. Trust administration is the process that replaces probate, allowing you to enjoy peace of mind while protecting the new trustee and beneficiaries. During trust administration, the administrator will notify all beneficiaries of the current settlor’s death, pass the trust into the care of a successor trustee, and distribute assets according to the terms of the trust.
Hiring an attorney to handle trust administration ensures that the process abides by California law while protecting your loved one’s estate. We’ll explain more below, but there are ways to ensure the process is both efficient and stress-free for you as the trust is settled. If you need seasoned trust administrators, turn to the estate planning attorneys at Holstrom, Block & Parke, APLC. Our team has vast experience handling all matters of trust formation and administration. You can trust us to make the process as simple and clear as possible.
Call (855) 939-9111 today to speak with us in a free phone consultation. We are more than happy to answer your questions and tell you how we can help.
One of the most important steps in the trust administration process is notifying heirs and beneficiaries of the trustor’s death. You have 60 days to notify them—if done correctly, they will then have 120 days to contest the trust. If there are no contests in that period, all heirs and beneficiaries forfeit their right to contest the trust.
Here’s what happens if you fail to notify the beneficiaries:
California law stipulates that without a valid notification, the trust will be subject to legal contest for four years. That’s four years of vulnerability that no trustee wants to deal with. Keep in mind: notifying family members is only the first step.
If you’re interested in having a seasoned estate planning attorney to assist with your trust’s administration, call (855) 939-9111 for a free phone consultation.