The first ques­tion after a loved one has passed away is usu­al­ly “What do I do now?”

At Crid­er Law, we can provide you answers to this ques­tion, and guide you through the entire estate admin­is­tra­tion process effi­cient­ly and com­pas­sion­ate­ly. Our trust admin­is­tra­tion lawyers can also advise you as suc­ces­sor trustee con­cern­ing your fidu­cia­ry respon­si­bil­i­ties, if you have been named as suc­ces­sor trustee. It is impor­tant to note that the deci­sion of whether to serve as trustee should not be tak­en light­ly. It involves a major com­mit­ment of time and may sub­ject you to per­son­al lia­bil­i­ty if the require­ments of the trust are not prop­er­ly car­ried out. 

Our trust admin­is­tra­tion lawyers can admin­is­ter the trust on your behalf or pro­tect your inter­ests if you choose to serve as suc­ces­sor trustee.

The suc­ces­sor trustee of a revo­ca­ble liv­ing trust is required to admin­is­ter the trust estate. Admin­is­ter­ing the trust estate may include valu­ing the trust’s assets, estab­lish­ing a new basis for assets receiv­ing a stepped-up basis, prepar­ing and fil­ing of a Fed­er­al Estate Tax return, if required, and dis­trib­ut­ing assets accord­ing to the terms of the trust. In addi­tion, if you are a sur­viv­ing spouse and the suc­ces­sor trustee, trust admin­is­tra­tion may require an update of your estate plan as nec­es­sary to meet the chang­ing needs of your fam­i­ly with­in the guide­li­nes of the exist­ing trust.

Con­tact us today for sound legal coun­sel in all aspects of trust admin­is­tra­tion.