Trust administration refers to the trustee’s management of trust property according to the terms of the trust and pursuant to all applicable laws. Many trust administrations begin upon the death of the creator of the trust (i.e. Settlor). Other trust administrations begin upon the incapacity of the Settlor (i.e. dementia). To properly administer a trust, a successor trustee must fully understand the terms of the trust, the duties and responsibilities imposed on a trustee, and the rights of beneficiaries and other interested parties. Failure to properly administer a trust is an invitation for litigation and personal liability.
At Ewin Lambourne Law, APC, we have years of experience representing trustees in administering trusts and guiding trustees in making prudent legal decisions.