If you have a living trust and have properly retitled your assets, you should be able to avoid probate upon your death. Your estate still needs to be distributed, however, and your debts paid. That process is known as trust administration. During trust administration, your successor trustee, along with an attorney, accountant, or both, help determine the property you owned at death; determine what your debts are and how to pay them; determine the estate and other taxes owed by the estate; and help distribute all property to the beneficiaries you have named in your living trust. Depending on the size of the estate, an estate tax return may need to be filed. The return is due nine (9) months after death.
Jerry specializes in the initiation and administration of the trust and/or estate upon death, which includes: