Trust Administration

A trust has to be managed. After you set up your trust you are the trustee during your lifetime. If you can no longer act because of incapacity, or upon your death, a new trustee will take over.

A trustee’s duties are to manage the trust assets, pay the debts of the trustee, and distribute the trust according to the terms of the trust.  Along the way a trustee has an obligation to keep the trust beneficiaries informed about the administration of the trust.

A trustee occupies that position in a fiduciary capacity, which imposes certain obligations. A trustee must follow both California law and the terms of the trust in the administration of the trust. It is important that a trustee retain an attorney to guide them through this process.