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Trust administration is a complex but important process that involves managing assets and ensuring they’re distributed properly. In California, there are several key elements of trust administration that must be followed to ensure it’s done properly. The first element is to create and maintain a plan of administration that outlines how trust assets are to be managed and distributed according to the trust document. This plan is necessary to ensure that all the wishes of the trustmaker are carried out. The second element is to identify and manage the trust assets. This includes cataloging, recording, and managing all the assets that are part of the trust. This includes any real estate, investments, tangible property, or anything else included in the trust terms. Third, trust administrators must administer the trust assets according to the terms outlined in the trust document. This means that they must manage daily activities such as making investments, filing taxes, and settling any disputes that may arise. Finally, trust administrators must distribute the assets according to the trust document. This involves ensuring that the beneficiaries of the trust receive their distribution of the assets according to the trust document. This includes ensuring that the assets are distributed in a timely and equitable manner. These are the four key elements of trust administration that must be followed in California. It’s important to understand and follow these elements to ensure that all trust assets are managed and distributed properly.

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