What is a Trust Administration?
Trust administrations, as a general rule, take far less time and incur far less attorney's fees and costs than a probate proceeding. A trust proceeding is entirely a "private" proceeding, meaning that the court is not involved and the process can move forward as fast as the successor trustee can complete the required tasks. Generally a trust administration takes two to four months to complete from the time of death to time of distribution whereas a probate proceedings takes approximately twelve months or longer, depending on the court's backlog of cases.
Every trust administration is different, however, all trust administrations require the successor trustee, with the assistance of his or her attorney or tax professional, to complete the following tasks:
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