Probate & Trust Administration
Probate, Estate And Trust Administration: An Overview
Probate and trust administration refer to the legal processes of managing and transferring wealth and assets upon a person’s death.
The probate process in California has many technical requirements that must be fulfilled before a court will appoint a personal representative (an “executor” or “administrator,” depending on whether there is a will) to take charge of the estate. Once appointed, the personal representative must make sure he or she complies with the legal requirements of administering an estate and must know what actions require prior court approval.
Understanding the Trust Administration Process
Trusts – when structured and executed properly – can serve as a tool for avoiding probate. Trusts do not have to be filed with the probate court. However, there are still crucial legal steps that must be taken to properly administer a trust and avoid additional legal entanglements.
People who are not professionally trained trustees typically lack the knowledge or time to confidently and properly administer and estate, leaving them open to additional legal actions they cannot afford to deal with. The best option for a nonprofessional or “successor” trustee is to seek the advice and representation of an experienced attorney.
Call Today to Learn More
Probate can be a very complex process, so it’s important to talk to a trusted attorney who can help you navigate it all. We are happy to schedule a consultation, even if our office did not draft the trust.