Trust administration is a method of transferring assets after the death of a trust creator. This method of transferring assets is utilized when the assets to be transferred are held in a trust. The ability to transfer assets through trust administration is one key reason why many people create trusts. If assets do not transfer in this way, and if other estate planning tools are not used to facilitate the timely transfer of assets, assets may have to transfer through the probate process. There … [Read more...]
Who Oversees the Trust Administration Process?
An Indianapolis trust administration lawyer can provide you with legal representation if you are creating a trust, if you are a trust beneficiary, or if you are involved in any way with the trust administration process. The trust administration process occurs after a trust creator – called a settlor – passes away. It is an alternative process to probate, and it facilitates the transfer of trust assets to the heirs or beneficiaries who will take ownership. Frank & Kraft has represented … [Read more...]
Tasked with Trust Administration? Get the Help You Need!
Trusts have been gaining in popularity in recent years, as more people learn about the many benefits they can provide when used as part of a comprehensive estate planning strategy. For the grantor and beneficiaries of any trust, those benefits can include everything from tax savings and efficient financial planning to reduced asset transfer delays, increased privacy, and more. For the successor trustee charged with eventual administration of the trust, however, the role comes with an incredible … [Read more...]
Have You Considered the Estate Administration Process
Have You Considered the Estate Administration Process from Paul KraftThe executor will assume a lot of responsibility, and the estate administration process can be time intensive in some cases. Your executor should be a business savvy individual who is ready, willing, and able to take on these tasks. Anticipated longevity and geographical location will be factors to consider, and impartiality would also be a consideration. Learn more about have you considered the estate administration … [Read more...]
