Trust Administration
Learn about trust administration roles, responsibilities, and how it integrates into effective estate planning.
What responsibilities does a trustee have in trust administration?
In trust administration, a trustee is responsible for managing the assets placed in a trust according to the terms set by the trust's grantor. This includes ensuring that the assets are maintained and distributed to beneficiaries as specified, handling any related tax obligations, and maintaining comprehensive records. Trust administration is crucial because it ensures that a trust operates as intended, providing peace of mind for the grantor and assurance to beneficiaries that their interests are being managed effectively.
