What is a trust administration?

A trust administration is a legal process that takes place in Washington when someone dies and leaves behind assets in a trust. This process involves managing the trust assets, distributing them to the beneficiaries (the people named in the trust to receive the assets), and ensuring that all tax and legal requirements are met. This process is handled by a trustee, which can be a family member, friend, or professional trustee appointed by the court. A trust administration makes sure that the deceased’s wishes are followed, and that everyone who is named in the trust receives their share of the assets. The trustee will work with the estate attorney and any other necessary parties to manage the trust’s finances and make sure the trust is properly distributed according to the deceased’s wishes. The trustee will review the trust document and other estate documents to determine the instructions for the assets, taxes, and other concerns. They will also collect assets, file taxes, pay bills, and prepare the necessary paperwork for distribution of assets. They will keep a detailed record of all activities related to the administration of the trust. The trust administration can be a complex process, and can take anywhere from a few months to several years to complete. Elder law attorneys are familiar with trust administration and can provide assistance to those involved in the trust administration process.

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