Trust Administration

Following the death of the grantor, the Trustee of a living trust is tasked with administering the trust estate for the benefit of the beneficiaries. This involves matters such as obtaining a tax identification number for the trust, coordinating with accountants for the preparation of the trust fiduciary income tax, determining whether probate administration is necessary, dividing the trust estate among the beneficiaries, and potentially publishing notice to creditors of the trust. The lawyers at Woner, Reeder & Girard, P.A. can offer assistance in all phases of trust administration.