It is important for a trust administrator to have an experienced attorney during the trust administration process because the trust administrator has so many formal legal responsibilities that must be fulfilled. Unsworth LaPlante, PLLC can help a trustee to comply with legal requirements and to ensure the wishes of the deceased are fulfilled during the trust administration process. Heirs or beneficiaries, whose inheritance is at stake during the trust administration process, should also have an … [Read more...] about Should you have a lawyer for the trust administration process?
Trust Administration FAQ's
A death certificate is necessary if a loved one who created a trust has passed away. It is possible to obtain a copy of a death certificate if you do not already have one. You need to know the process for obtaining a death certificate for trust administration so you can obtain this important document and keep the trust administration process moving forward. If you live in the state of Vermont, the vital records system keeps death certificates. If the death occurred within the past five … [Read more...] about How can you obtain a death certificate for trust administration?
A trust administrator is the person put in charge of trust administration. At the time when a trust is created, the settlor (the legal name given to the person who creates the trust) will name a third party successor trustee. That successor trustee becomes responsible for managing trust assets if the primary trustee (typically the settlor) becomes incapacitated. When the settlor (and primary trustee) passes away, the successor trustee takes over the management of trust assets and is put in … [Read more...] about Who is in charge of trust administration?