What is Trust Administration?

Trust administration is the act of handling an Estate within a Trust after the death of the person who established the trust. Depending on the particular circumstances and type of Trust, Trust administration is typically done without the supervision of the probate court.

Indeed, many people create a Trust for just this reason as the costs to administer a Trust are generally lower than the costs to administer a probate estate. It is often faster, and there is more privacy. The goal of Trust administration is to transfer property from the decedent to the beneficiaries, per the Trust’s guidelines.

When Trust Administration Becomes a Burden

As an executor takes inventory and distributes assets through the probate process, a trustee has a similar role in managing Trust property and distributing it according to the terms of the Trust. It can become an overwhelming and complicated task for some people.
 

Every Trust is different, thus this could mean that personal or real property is distributed outright (each child walks away with a check for five thousand dollars) or it could mean that the assets are retained in one or more Trusts for the benefit of the beneficiaries, such as would be the case with a spendthrift Trust (for adults who have difficulty managing money), special needs Trust (for a disabled individual), or a Trust for a minor child. The instructions on how to manage and distribute the property are explained within the Trust itself.

Portage County Estate Planning Lawyer

Attorney Lauren Strandbergh, Estate Planning lawyer in Portage, Summit and Cuyahoga Counties, can help you gain peace of mind by securing these issues. Consulting with an experienced Estate planning lawyer is essential in making sure that your final wishes regarding your property, your loved ones, and your healthcare options are carried out. 

Not all lawyers are created equal. In difficult times, it is important to select a lawyer who can relate to your situation in a very professional and sensible way. 

Attorney Strandbergh has the experience you need to address all your questions regarding wills and probate, trusts, drafting and execution of all legal documents, and estate administration. She is a knowledgeable and compassionate lawyer.

Attorney Strandbergh is a Member of Weisenburger Law Offices, a law firm in Ravenna, OH, located 5 minutes from the Portage County Courthouse. Our lawyers are dedicated to serving clients in Portage and Summit Counties. Weisenburger Law Offices was created in Portage County in 2000 and our lawyers have been servicing the Portage County community ever since.  

Disclaimer

The ohiocrimelawyer.com website is designed for general information only. Any information on this site is not to be construed as formal legal advice from a criminal defense lawyer, a DUI lawyer, a family law lawyer or wills, probate, trusts and estate planning lawyer, nor formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek personal advice regarding their individual legal issues.

The attorneys in our law firm primarily service Portage County courts (Ravenna and Kent), Summit County courts (Akron, Stow, Barberton), and Cuyahoga County courts (Cleveland, Garfield Heights, Bedford, Parma, Rocky River etc...). Cases in all other courts in NorthEast Ohio are handled under specific terms and conditions.