Los Angeles Trust Administration Attorney

After the death of the trustor, who is the person who created a trust, certain steps must be taken to administer a trust. The trust administration lawyers at The Law Offices of David A. Shapiro, A Professional Corporation, can help you through the difficult time after the death of a family member. With their skill and comprehensive understanding of all facets and steps of trust administration, they have the ability to step in and make this a successful and smoothly run process.

Trust Administration - The Steps Involved

As trust administrators, our attorneys will inventory the assets of the estate involved. Title or ownership of those assets will be determined as well as their monetary values at the time of their owner's death. Proper valuation of estate assets is important because of income tax and estate tax consequences. Experts in property and asset valuation are required for this essential task. Such assets include not only real estate but also stock portfolios, other securities and investments, vehicles, jewelry, art, collectibles, mobile homes, and other personal belongings.

Our Los Angeles trust administration lawyers will work to determine which assets are in the trust and which are not, and what the estate taxes may be. They will provide a proper accounting, pay any bills due, file any tax forms needed and then distribute the assets due to the beneficiaries per the terms of the trust document.

The Importance of Trust Administration

Depending on the size and extent of the estate, the duties of a trust administrator may be very complicated, requiring someone who thoroughly understands all the steps and consequences involved. It may also be a very serious business for the administrator has a fiduciary responsibility and may be personally liable if he fails to perform his duties properly. Having one of our Los Angeles trust administration attorneys for this important job can relieve you and your family of undue stress and worry.