Trust Administration
We help trustees navigate the trust administration process following the loss of a loved one, from the start to the final distribution
Trust administration is the process of managing and distributing the assets held in a trust according to the instructions outlined in the trust. This typically involves gathering all trust assets, providing notice to beneficiaries and interested parties, maintaining accurate accountings, and distributing assets according to the terms of the trust.
The successor trustee is responsible for overseeing the trust administration process and ensuring that all tasks are completed in a timely and accurate manner. This can be a complex process, and it is important to have the guidance and support of an experienced estate planning attorney to ensure that the administration process is handled properly.
At Montecito Law Group, we provide comprehensive trust administration services to help our clients navigate this process with ease and confidence. Our experienced team can assist you with all aspects of trust administration, including asset management, beneficiary communication, selling and transferring real estate, and fulfilling distributions to beneficiaries. Contact us today to learn more about our trust administration services and how we can help you achieve your estate planning objectives. We help you through every step of the process to distribute assets to the trust’s beneficiaries as efficiently as possible so you can focus on more enjoyable moments in life.
Modification of Irrevocable Trusts
We help families seek judicial approval to modify irrevocable trusts, simplifying the trust administration process and achieving valuable income tax benefits. Many old trusts were designed to split into multiple trusts following the death of a spouse to protect the family from estate taxes. Now, under current tax laws, most families are exempt from estate taxes and the complicated division subjects the family to unnecessary capital gains taxes and administrative burden. We can help you update your trust to maximize tax benefits for your family. If you haven’t reviewed your trust in the past five years, give us a call and we would be happy to make sure you are in good shape.
Hear from our Clients!
“Stefanie Herrington and her group were incredibly responsive to all our questions and requests. Stefanie went over our will and trust and brought it all up to date quickly and efficiently. We really liked Stefanie and her group personally, and they were all so easy to work with that we had very little stress. We were pretty elderly when we first worked with her, and now my spouse has passed. She and her associates have helped me so much to deal with all the legal processes the death entails. I have just been working on refinancing my mortgage, with, again a great deal of help from Stefanie. Now all the paperwork has been verified! I don’t think I could have gotten through all these difficult processes without her expertise and ready help. I am so grateful. I can recommend this law group wholeheartedly.”
“Stefanie and her team have made the process of administering our aunt’s trust remarkably smooth. Throughout the process they have been responsive, supportive, and provided clear explanations to all our questions. They have helped make the process feel manageable, and we are grateful as they guide us through each step with professionalism and understanding.”
“My husband passed away recently, and I needed legal advice by a firm locally in my area. I remembered seeing an announcement in Coastal View News with Stefanie’s picture and information. I called and was given an appointment right away. I took my paperwork along with many questions, Stefanie’s knowledge was extremely helpful. By the time I left her office I felt all my legal stress had disappeared. I’m so thankful she is in my local area. If you want the best, call Stefanie.”
“I was struggling with all that my Grandma left behind when she passed and Stefanie was very helpful, professional and understanding. She also helped our family with our own estate planning. With Stefanie you know you are in good hands. “
“When a parent dies or becomes incapacitated, the legal issues are entangled with emotional ones. Stefanie has been extremely skillful–and equally sensitive–in cutting through the legal craziness and advising us in a clear and compassionate way. Thanks to her, we’ve been able to handle a challenging situation with confidence and even a touch of humor. I would recommend her without reservation. “