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Trust Administration… when someone dies

By Kristina R Haymes

Trust Administration is the process of doing what needs to be done when someone dies and he or she had a living trust or other types of trusts (such as irrevocable trusts). Trust adminstration is much easier, faster, and less expensive than the probate court process (and loved ones of those who did not have an estate plan, or merely had a will have to suffer through the probate process).  We estimate probate costs 5% of a decedent’s assets (which unfortunately for you includes the fair market value of the home). Further, while probate is a public process, trust administration is a completely private process that takes place in the comfort of your lawyer’s office.  Nonetheless, despite the many benefits of trust administration, there is still some work to be done...continue to full post

Full post as published by Mediation Marketing Tips on April 25, 2010 (boomark / email).