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Trust and Estate Administration

Ensuring a Trust’s Provisions Are Followed.

When the creator of a living trust dies, the successor trustee must step in to carry out the trust’s instructions and perform certain tax-related functions. If a living trust has been properly designed, funded, and updated, post-death estate administration will usually be a relatively smooth process.

What “Trust Administration” Entails

This umbrella term includes many different and vital tasks such as: notifying beneficiaries and heirs of the trust; inventorying and appraising trust assets; handling ancillary probate matters (spousal property petitions, “Heggstad” petitions, and independent administration petitions); funding sub-trusts; making distributions; and complying with estate, gift, income, and real property tax requirements.

The goals of trust administration are to:
  • Properly divide and distribute the estate according to the trust’s terms and the wishes of the trust’s creator.
  • Comply with California law on trustee’s duties and trust administration, including prudent financial management.
  • Develop a plan to meet the financial needs of the long-term beneficiaries.
  • Assist in the compliance with tax laws while minimizing taxes payable, which involves the “big five”: estate, gift, income (capital gain), generation-skipping, and real estate taxes.

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Primuth & Driskell, LLP

Primuth & Driskell, LLP
790 East Colorado Blvd. Suite 300 Pasadena, CA 91101
Phone: (626) 683-7234 Fax: (626) 683-7251

Serving Pasadena, Los Angeles, and the San Gabriel Valley
Located in the heart of Pasadena, Primuth & Driskell, LLP serves clients in the Greater LA area and nearby communities including La Cañada-Flintridge, South Pasadena, San Marino, Arcadia and Alhambra.

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