Trust Administration

As Trust Administration Attorneys, we frequently help successor trustees administer their loved one’s estates. While it is not required that successor trustees hire an attorney for the administration of their trust, it is often the case that a few thousand dollars in attorney’s fees will save you a great deal of frustration, time, and money in the administration of your trust.

Navigating Trust Administration

Safeguarding Your Legacy

When a loved one passes with a funded Living Trust in place, the family will go through a process called Trust Administration. Walker Estate Attorneys can help with your trust administration matters.

The person charged with administering the trust is called a trustee. The trustee has an array of legal powers and fiduciary duties under Arizona law to execute the terms of the trust in good faith, ensure the purpose of the trust is met, and to act in the interest of the beneficiaries.

If you are seeking a law firm who can assist you with trust and administration in Arizona, please contact Walker Estate Attorneys to schedule a free consultation. Our office represents trustees in all aspects of administration of Arizona estates and trusts. Arizona trust administration requires meticulous attention to detail, and extensive knowledge of trusts, estate planning law, and sometimes probate law.

How We Assist Trustees in Arizona Trust Administration

  • Notify heirs and beneficiaries
  • Prepare an initial inventory, and accounting of the estate’s assets
  • Notify creditors through direct notification and publication
  • Prepare the final accounting for the trust
  • Distribute assets of the estate to the beneficiaries
  • Close the estate

Important Factors That Can Influence Arizona Trust Administration

Arizona trust administration can be complicated business. A successor trustee will need to complete a list of duties including: organizing papers related to the loved one’s medical care prior to death; looking through safe deposit boxes for stocks, certificates and other important documents; retaining an Arizona trust attorney to review and interpret these papers; and documenting insurance policies (e.g. automobile, life insurance, etc.) and a comprehensive list of the estate’s assets.

Questions like the following may need to be addressed:

  • The size and complexity of the decedent’s estate: Where are his or her assets located, and what is their nature? (e.g. cash and bank accounts, real estate, stocks, intellectual property, etc.)
  • Have arrangements for the memorial and funeral been handled?
  • What were the precise instructions left by the trustmaker?
  • What creditor claims against the estate are outstanding?

And even that list of projects is not comprehensive.

Errors or omissions in this process can lead to disputes among beneficiaries and potentially subject the successor trustee to liability.

As your trusted advisors we will always deliver personalized legal services devoted to protecting you and your family.

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