One of most common misconceptions in estate planning is that a living trust does
not require administration after death. Most people incorrectly believe and are
given the wrong impression that once they sign their trust their estate planning
is completed. When the person who created the trust dies (this includes when a spouse
in a Husband and Wife trust dies) certain steps must be taken to comply with state
law and change title to assets; this is called "trust administration," and the complexity
of the administration depends on the number and type of assets, their total value,
and whether the trust includes tax planning provisions. It is imperative to administer
a trust after death of the creator.
If a person who created a trust has passed away please contact our office immediately
to protect the rights of the beneficiaries.
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