Estate Planning Attorney in San Jose, CA

40+ Years As California’s Most Trusted Estate Planners

408-684-5667
  • Home
  • About
    • Testimonials
  • Practice Areas
    • Estate Planning
    • Special Needs Planning
    • Trust Administration
    • Heggstad Petitions
    • Trust Modification Petitions
  • Workshops
  • Education
    • Videos
    • Blog Articles
    • California Statutory Forms
    • Download Estate Planning Consumer Guide
    • Professional Advisors
  • Contact
  • Book
  • Toggle Mobile Menu
  • Toggle Search
  • 408-684-5667
  • Twitter
  • Facebook
  • LinkedIn
  • Videos
  • RSS

Trust Administration

Trust Administration

Trust Administration

If a loved one dies and has a revocable living trust in place, generally there is no need for any administration through the Probate Court.

Similar to a Probate Administration, administration of a person’s trust after they die follows the same steps, but without the involvement of the Court. Every trust administration is unique, but most involve the following steps:

  • The Successor Trustee takes over the trust
  • Notice is given to the heirs of the living trust
  • Asset of the trust are gathered together and valued
  • Debts of the deceased trust owner are paid
  • Sales of trust assets may be made
  • Estate taxes are paid, if applicable
  • Final distribution to the heirs, either outright or in some form of trust

FREQUENTLY ASKED QUESTIONS

What happens if someone objects to the Trust?

Rarely, someone objects to a Trust. Similar to a Will, in order to contest a Trust, a person has to have legal “standing to raise objections. This usually occurs when, for example, children are to receive unequal shares of property under the Trust, or when distribution plans change from a prior Trust to a later Trust.

How much does Trust Administration cost? How long does it take?

The cost and duration of trust administration can vary substantially depending on a number of factors such as the value and complexity of the estate, and the quality and completeness of the trust itself. Ambiguities in the drafting of the trust document can require a trip to the Probate Court to have a judge decide what the trust means. Property left out of the trust name at death may also cause a trip to the Probate Court to have the property declared as part of the trust, or even to force the property through the Probate process in order to get it transferred into the trust.

Many of the same steps are taken in administration of a trust as in Probate administration. However, the steps can be done in the comfort of your attorney’s office and accountant’s office.

With a well-drafted trust, administration of a trust can generally be completed in 3-9 months, depending on complexity and issues that may arise during administration. Trust administration fees are based on a percentage of the size of the estate, and whether or not you are an existing client of the firm. As an alternative, administration of your trust can be charged on an hourly basis, which is often less expensive.

For more help, contact Bob Bergman, an experienced trust administration attorney located in San Jose, CA. Book a Call today!

Please consult an attorney for advice about your individual situation. This site and its information is not legal advice, nor is it intended to be. Feel free to get in touch by electronic mail, letters or phone calls. Contacting us does not create an attorney-client relationship. Until an attorney-client relationship is established, please withhold from sending any confidential information to us.

Website created just for Law Offices of Robert P. Bergman by Personable Media

View our Privacy Policy

Bob will reach you shortly.

"*" indicates required fields