Trust administration refers to the tasks associated with management and execution of the trust according to the trust terms and applicable law. It is the responsibility of the trustee, who is a fiduciary appointed to manage the trust’s assets for the benefit of the beneficiaries. Trust administration can be complex and requires careful attention to detail to ensure compliance with legal and fiduciary obligations.
Key points to understand if you are administering a trust:
Trust administration requires a combination of legal knowledge, financial acumen, and interpersonal skills to effectively manage the trust and fulfill the trustee’s obligations. If you need help with a trust administration, contact our office.
