Los Angeles Trust Administration Lawyer

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When establishing a trust, it's essential to appoint a trustee who will manage and distribute the assets upon your passing. This trustee could be a family member, friend, or even a professional advisor. If you are in need of a trustee or require assistance with trust administration, the Law Offices of David A. Shapiro, P.C. are here to help. Our lead attorney is board-certified in trust law and experienced in managing all types of complex trusts.

As a trustee, you may face many emotional and administrative challenges following the loss of a loved one. Our Los Angeles trust attorney is dedicated to providing the support and guidance necessary to efficiently navigate the trust administration process. With our legal expertise, we can help you understand and manage each step effectively.

Contact us today to schedule your free consultation.

Understanding the Trust Administration Process

Attorney David A. Shapiro will start by inventorying all assets and property included in the trust. Proper valuation and determination of ownership for each asset are crucial to ensure accurate handling. 

Common items included in trusts may be:

• Real estate
• Vehicles
• Stock portfolios 
• Investments
• Valuable art collections
• Jewelry or family heirlooms

It is vital to ascertain the correct value of these items before distribution to heirs or beneficiaries. We can help you distinguish between trust assets and those belonging to the estate.

Our firm will ensure accurate accounting of all assets, timely notification of beneficiaries, and proper distribution once all valuations and details are finalized.

Reach out to our certified trust lawyer in Los Angeles today to discuss your trust administration needs.

Comprehensive Trust Management Services

Administering a trust involves managing and distributing an individual's assets according to the trust document. Under the California Probate Code §1600, the trustee has specific obligations, including the proper handling and distribution of the trust assets.

Key Obligations of Trust Administration:

• Avoid conflicts with other trusts.
• Properly dispose of any conflicting interests.
• Maintain accurate records of which assets belong to the trust.

Under §§16005-16012 of the Probate Code, the trustee has several detailed responsibilities. It is crucial to understand these requirements to avoid legal and financial issues.

If you or a loved one has been appointed as a trustee or is handling an estate, our team can provide guidance on the requirements for trust administration.

For any questions or legal assistance regarding trust administration, contact the Law Offices of David A. Shapiro, P.C. We’re here to help you navigate this complex process with confidence.