Trust Administration

After the death of a loved one who has done Trust based planning, a period
of Trust Administration begins. This can range from several months to many
decades depending upon the terms of the Trust. If an individual, as opposed
to a Bank, Trust Company, or other Corporate Trustee has been named we
are available to assist with the Trust Administration.

The successor trustee(s) will be required to account for all assets of the
Trust, determine distributions, file tax returns, and make investment
decisions. This may involve the Trustee consulting with CPA's, investment
advisors, and others. It may also involve communication with beneficiaries
and evaluation of the obligations to distribute trust assets.

While there can be no question that Trust based planning is far preferable in
many, if not most situations, the proper administration of the Trust is
essential to the ultimate success of the plan.

Contact us if you would like to discuss this further, or if you would like us to
assist you with Trust Administration.

Trust Administration

Missouri Estate Planning

(816) 628-4900

Attorney at Law

Richard J. Herndon