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Brian Neil Burg, Esq.
Fullerton, California

(714) 525-1134

BNBurg@BrianNeilBurg.com

 Member of:
State Bar of California
Orange County Bar Association
Fullerton Chamber of Commerce
Mensa International
Esperanto USA
 
ESPERANTO PAROLATA
 
Trust Administration
 

This is the process of handling a trust estate by the trustee.  In a revocable trust, once the settlor passes away, all or a portion of the trust becomes irrevocable; that is, certain provisions are locked in, a separate tax ID for the trust is obtained, and the trust continues on as its own legal entity, even filing its own tax returns.  The process of trust administration may be confusing and involve complex decisions that must be made by the trustee—especially in complicated trusts designed to minimize estate taxes.  That is why it is a wise decision to consult with an estate planning attorney whenever a settlor passes away.  Sometimes a surviving spouse may go on for years without properly handling the trust's affairs or realizing that certain changes need to be made, the end result being possible unnecessary taxes and extra fees ultimately paid to an attorney who may have to undo years' worth of inappropriate trust management.

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

The information presented on this website is not intended to be a source of legal advice or a comprehensive explanation of the law. You should not act upon or rely on information at this or any other website without the advice of a competent California estate planning attorney, especially if you reside outside the State of California, where we are not licensed to practice law and do not give legal advice. This website is intended for educational and informational purposes only.