You should think about the process of trust administration if you are using a revocable living trust for your estate planning.
Upon your passing certain actions must be undertaken to bring your wishes to fruition, and you need to take these postmortem plans into consideration when you are planning your estate.
To help you understand what trust administration entails exactly we have prepared a very educational and useful free report.
You can gain access to your copy of the report by clicking the link that follows. Simply fill out the form in the right-hand corner of the page so we may send you the access information:
Living trusts can be a good choice for many individuals, largely because they enable asset transfers outside of the probate process. Probate can take a good bit of time to run its course, is emotionally traumatic for loved ones, exposes your affairs to the public, and can be expensive. Many people choose to avoid these pitfalls via the creation of a living trust.
Once you read the report you may want to discuss the matter of trust administration in detail with an expert. Should you feel this way we invite you to call us to arrange for a free consultation. Please call 405-843-6100 (Oklahoma City office) or 913-385-9400 (Kansas City office) to schedule your complimentary consultation.
Author, President and Founding Attorney
Parman & Easterday
Parman & Easterday are members of the American Academy of Estate Planning Attorneys.