Trust Administration
Trust administration can involve notice requirements, asset collection, accounting, tax coordination, beneficiary communication, and distribution decisions.
Moravec, Varga & Mooney helps successor trustees understand their duties and helps beneficiaries understand their rights under California trust law.
Trust administration services
What successor trustees often need to do
A successor trustee may need to review the trust document, notify beneficiaries, identify and value assets, manage bills and expenses, coordinate tax issues, prepare accountings, and make distributions. The trustee must also act in the interests of the beneficiaries and follow the terms of the trust.
Documents and information to gather
✔ Trust agreement and all amendments
✔ Death certificate or incapacity documentation
✔ Beneficiary contact information
✔ Bank, investment, and retirement account statements
✔ Real estate deeds and property tax bills
✔ Insurance information
✔ Prior tax returns
✔ Records of expenses, distributions, and communications
Trust Administration FAQs
Related Trust Administration Articles
Find answers to common trust administration questions, learn about trustee responsibilities, and understand the steps involved in administering a California trust.
