RICHARD Q. HUYNH, ESQ.,           LOS ANGELES & SILICON VALLEY        (818) 380-3043          (408) 412-1183        RICHARD@RQHLAW.COM

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TRUST ADMINISTRATION

Richard Q. Huynh

Trusts & Estates Attorney

RICHARD Q. HUYNH, ESQ., J.D., LL.M.

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“How will the terms of my trust be executed when I pass?”

Trust administration is the process of carrying out the terms of the trust both during incapacity and after death. Trust administration is, unlike probate, a non-public process carried out with minimal court cost and intrusion. The trustee of your trust is responsible for executing the terms of your trust. The duties of trust administration include:

  • Marshaling the assets of the trust estate

  • Accounting for property within the trust and distributing assets in accordance with the trust terms

  • Paying debts, taxes and other costs of trust administration

  • Selling or distributing the property to beneficiaries

  • Giving proper and timely notice to all beneficiaries under the trust

Your trustee has a fiduciary duty to your trust beneficiaries, and can be liable to a litany of damages if the terms of the trust are not executed properly.

 

Contact Richard to advise you on this confusing process and to ensure compliance with the law and the trust terms.

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Estate planning need not to be complicated and stressful. I can help you devise an estate plan that works for you and your family.

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(818) 380-3043 - Los Angeles

(408) 412-1183 - Silicon Valley