Managing a Trust Involves Many Legal, Financial, and Tax Issues

If a Revocable Trust has been used as the center of an estate plan, then the assets in the Trust won't go through the public probate process. Instead, it will be managed by a successor trustee.

If you take over as the successor trustee of your loved one's Revocable Trust, there are many tasks that must be completed for the post-mortem trust administration. These tasks often involve legal, financial, and tax issues.

If the Revocable Trust is very simple, you may be able to administer it on your own. If the Trust is complex or you have to deal with several beneficiaries-you need professional assistance. The Avrine Law Firm, LLC is highly qualified to provide the assistance you need.

As a successor trustee you may need to:

• Review and pay bills
• File Federal and state estate tax returns
• File income tax returns and pay income taxes, both for the deceased and their trust
• Determine if a disclaimer is appropriate
• Review business agreements and other investments
• Submit accounting documents
• Distribute assets to the beneficiaries

You can depend on us for the help you need with trust administration.

Please call 240-395-1366 now to make your appointment. For emergency or after-hours services, please call or text 301-442-2962.