Trust Administration Doesn’t Have to Be Daunting
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CategoriesTrust Administration
Trust administration in Santa Rosa involves managing the assets held under a trust and eventually transferring them to the beneficiaries. Many people think courts supervise trust administration, but this is not the case. The trust administrator, that is, the person... Read More →
5 Steps in the Trust Administration Process
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CategoriesTrust Administration
Administering a trust is a huge responsibility. Trust administrators have much on their plate and can often be overwhelmed by their to-do lists. It is no wonder that so many trust administrators make trust administration mistakes that expose them to... Read More →
Are Trusts and Wills Interchangeable?
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Wills and trusts are estate planning tools. A trust is set up to provide legal protection to the creator’s assets. It allows the Trustee appointed by the creator to take major investment, healthcare, and other decisions on behalf of the... Read More →
The Difference Between a Trustee and an Executor
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Even though trustees and executors have similar duties in that they are responsible for managing estate assets and distributing them among the beneficiaries, the nature of their jobs is different. Many testators appoint the same person as the trustee and... Read More →
Trust Administration – The Secret Sauce
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A trust is a legal, fiduciary arrangement that allows a person to hold and direct assets held in the trust. A trust can be set up under a trust agreement executed during the creator’s lifetime or can be created using... Read More →
Trust and Estate Administration FAQs
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A trust is a fiduciary agreement and is part of a larger estate plan. A trust is often used as a tool to minimize taxes and protect assets. If the creator goes bankrupt, creditors cannot make claims on the assets... Read More →
What Is A Trust Administrator?
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CategoriesTrust Administration
Trust administration is the process of managing the creator’s trust after their demise, according to their wishes. One of the most important things to do when creating your trust is to appoint a trust administrator. Your trust administrator will make... Read More →
The Difference Between a Will and a Trust in California
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Life is uncertain. They say, expect the best, prepare for the worst. While you should keep a positive attitude, you should also be prepared for the worst. To protect your loved ones, and ensure seamless transfer of assets to the... Read More →
Do I Need to Hire a Living Trust Attorney?
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A will may not be the best plan for many people as it does not come into effect until the creator dies, failing to provide any protection if the person becomes physically or mentally incapacitated. In many cases, a living... Read More →
Trust Administration
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Johnston & Associates guides executors and trust administrators through the complex, often confusing, world of probate and trust administration. The firm is experienced at both defending executors and trustees from beneficiaries’ and creditors’ claims, and holding executors and trustees accountable... Read More →