BEST TRUST ADMINISTRATION LAWYERS IN OC, CA
What is Trust Administration?
Trust administration is the management of trust property by a trustee in line with specific provisions as contained in the trust document. Trust administration is always carried out by a trustee appointed by a trust document to hold the trust property for specified beneficiaries.
While a trustee is in charge of management and distribution of trust properties, it is always best to work with a good Trust Administration Attorney who can help all through the process.
Trust administration is a long process that is initiated when beneficiaries are given notice of the trust estate. Upon receipt of the trust notice, beneficiaries are mandated to file a trust notice. Filing a trust notice is a discretion to be exercised by beneficiaries of a trust and just like every other discretion, they can choose not to file.
Who Is the Right Candidate for Trust Administration?
Trust administration is usually carried out by trustees for beneficiaries listed in the trust document. Many times, the trustee or trustees as the case may be, are always appointed by the trust document. However, where the trust document fails to provide for a trustee, the court can exercise its discretion of creating one.
Beneficiaries of a trust are provided for by the trust document and no one who is not listed in the trust document can benefit from Trust Administration.
The trust document can state in clear terms how a trust estate is to be administered and when this is done, the trustee is to be guided by the document. Where shares of beneficiaries are not stated, the trustee can work with an attorney in deploring other means of administration.
What You Should Do After You Get Your Trust Administration?
After you must have created or initiated the process of trust administration, you need to do the following:
- Notify beneficiaries of the presence of the trust: It is advised that beneficiaries of a trust administration be notified of the trust after it must have been created. This allows them to file a trust notice as it is required by law.
- Appoint trustees who are of impeccable character: Trustees play a major role in trust administration and as such need not be people with questionable character. A trustee appointed by a trust should be one of impeccable character.
- Get a good trust administration attorney: A good trust administration attorney not only facilitate the process but also provides timely guidance through it.
Why You Should Choose Kate Kelso?
Kate Kelso is an experienced Trust Administration attorney with years of experience. She has ensured the successful administration of many trusts that it makes her one of the best trust administration attorneys in Orange County, CA. To simplify the process for your beneficiaries and ensure that the activities of trustees are checked, you need to choose Kate Kelso.
Kate Kelso not only offers the best Trust administration services in Orange County, but she does so at a very affordable price.
Trust administration might be a tasking process, but with the best trust administration attorney Orange County, CA, you can have it simplified. An attorney will also help to ensure that lawsuits are avoided, and the required attention is paid to the details.