Trust Administration Process
McPherson Law Offices
ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS
10 Steps of Trust Administration
For purposes of our discussion, we will
limit the scope to the post-death
administration of a typical grantor/living/
inter vivos trust.
Grantor/Living Trust: instrument created by the grantor during his or her
lifetime that sets forth the terms for distribution/administration of trust assets
on the death of the grantor. Can be amended during lifetime of grantor.
Becomes irrevocable on death of grantor.
McPherson Law Offices
ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS
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•
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Step 1: Read the Trust
Even if you drafted it!
What are the Trust terms?
Has the Trust been amended/restated?
• Do you have all the amendments/most
recent restatement?
Pitfall: Be sure you have the most
recent version of the trust!
4/19/2017
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