Administering the family trust, when the time comes, can be complicated and challenging. There are many things that must be done to ensure proper administration of a trust in order to remain compliant not only with the California Probate Code, but also with the most recent case law. There are also steps that you can take to avoid paying additional property taxes and capital gains taxes on the property in the trust.
Depending on what assets the trust entails, there may be a number of additional steps required by the trustee to enable the trustee to manage, sell, or distribute the assets under the terms of the trust. Legal documents, such as an Affidavit of Death and/or Consent of Successor Trustee may be required to retitle the property with the County.
The Law Offices of Gabriel Lenhart are here to make the processes of receiving and managing a trust clear, straightforward, and in compliance with the law, while saving you from unnecessary tax obligations. The Law Offices of Gabriel Lenhart can provide trust administration services on a sliding scale based on the complexity of the estate, the value of the property being administered, and the amount of administration duties the Trustee wishes to undertake.