Trust Administration in Houston, Texas

Trust Administration

Trust Administration

You are the successor trustee of someone’s trust who has just died.
What do you need to know?

You are the successor trustee of someone’s trust who has just died.
What do you need to know?

The world may seem like it is falling apart, but there are still many things that can be done in order for everything run smoothly and without any problems!

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How is Trust Administration Different than Probate?

Probate is required if the decedent had a will or no-will at all.

If they had any type of trust, it’s completely administered in our office without the costs or delays to the processes associated with probate.

What do I do first after the grantor or trustee dies?

You should call our office three weeks of the grantor or trustee’s death to schedule your virtual or in-office appointment.

Here are some steps you can take before your first appointment to ensure that it goes smoothly:

  • If the residence is empty, consider changing locks to prevent squatters or anyone else from entering
  • The insurance company needs to be contacted so that they can verify if your homeowners’ policy is up-to date
  • I’d recommend reaching out to the alarm company since they will need your information in case of emergencies

Contact all of the decedent’s financial accounts to freeze them until after you meet with an attorney.

What are My Responsibilities as a Trustee?

Here are some of the tasks you must complete to ensure a smooth transition. Please contact us for the full list and assistance completing them.

  • Identify and preserve the assets of the estate
  • Identify the legitimate debts of the decedent
  • Identify the gifts of cash, personal and real property as specified in the trust
  • Keep the beneficiaries informed at all times as to the progress of the trust administration

Tasks that will require legal counsel:

  • Pay the legitimate debts of the decedent
  • Distribute cash gifts, gifts of personal and real property as specified in the trust
  • Sell any real property not to be distributed to the beneficiaries
  • Pay the final distribution to the beneficiaries named in the trust
  • Sell or dispose of the remaining personal property of the decedent

How do I contact a Brown Law Trust Administrator?

To speak with a lawyer at Brown Law about your estate planning goals, call our offices. We are pleased to offer a complimentary initial consultation.

To reach our firm, call +1 (713) 554-4975 or contact us by email.