OUR SERVICES
Trust Administration
Managing a trust can feel overwhelming, but you don’t have to navigate it alone. Our trusted guidance
ensures every step of trust administration is handled with care and confidence.
Our Trust Administration Services
Trust administration involves navigating a complex process of managing and distributing trust assets when the trustmaker can no longer act. At Rosen Trust Law, we provide guidance to ensure every task is handled smoothly, whether due to incapacitation or passing. Serving clients in LA, Westlake Village, San Jose, and the Bay Area, we help successor trustees fulfill their responsibilities with confidence, clarity, and compliance with California law.
Trust administration involves numerous legal and practical responsibilities. Here’s what a successor trustee often needs to manage:
Taking Control of Trust Assets
Ensure that trust assets are properly identified, collected, and secured. This may include re-titling assets and managing financial accounts.
Addressing Debts and Creditors
Evaluate outstanding debts and bills, notifying creditors as required by law while safeguarding trust assets.
Distributing Inheritances
Follow the trust instructions to distribute assets fairly and in accordance with the trustmaker’s wishes.
Filing Tax Returns
Handle any necessary tax filings, including estate tax returns, and ensure compliance with all tax obligations.
Avoiding Probate Court
Identify any assets that may unintentionally be exposed to probate and take steps to address them.
Meeting Legal Duties
Fulfill California’s fiduciary obligations, such as providing notices to beneficiaries and maintaining transparency in all actions.
The Trust Administration Process
01
Initial
Assessment
We meet with the successor trustee to review the trust and outline immediate tasks, providing clarity on next steps.
02
Asset Identification & Management
We help identify all trust assets, ensure they are properly titled, and guide you through any necessary re-titling processes.
03
Legal and Tax Compliance
Our team ensures all legal and tax requirements, such as notifications to beneficiaries and tax filings, are met without errors.
04
Distribution of Assets
We assist with distributing assets as outlined in the trust, ensuring beneficiaries receive their inheritances smoothly and equitably.