Trust Administration After A Spouses Death PART I

Trust Administration Series: Part 1 of 3

When a person passes away and leaves behind their spouse and a sizeable estate, it kicks off a chain of activities and requirements on which the trustee must take the reins. The necessary steps for administering a trust are nuanced and complicated and can include significant tax consequences.

If you have been named as a trustee, or if you are creating an estate plan and are debating whom to name as trustee, read on to receive guidance around the duties of a trustee, a roadmap of the process of administering a trust, and the considerations one should make when administering a trust.

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