Trust Administration

Persons who establish trusts desire to have their property pass to their beneficiaries efficiently and without court proceedings after they die. To accomplish this, the trustee, who takes over after the person who establishes the trust dies, must gather the assets, give proper notices to beneficiaries and to creditors, pay creditors, distribute the property to family members, charities and other beneficiaries, and generally wind up the affairs of the deceased. This is known as trust administration. Rosenberg Mendlin & Rosen, LLP can help successor trustees carry out their duties of trust administration.

Skills

Posted on

May. 2016