Search Results for: trust administration
Yakima Trust Administration Lawyer
Yakima Trust Administration Lawyers When a person creates a trust under Washington estate planning laws, the agreement does not exist in a vacuum. There are numerous tasks involved with carrying out the intentions of the grantor and complying with trust terms, which are accomplished through the process of trust administration. The grantor has specific… Read More »
Kennewick Trust Administration Lawyer
Kennewick Trust Administration Lawyers Trust administration refers to managing assets within an existing trust. There are three main roles in trust administration. A settlor, the person who creates the trust, places property into the care of the trustee, the person who manages the trust, and the beneficiary, or the person who will benefit from… Read More »
Spokane Trust Administration Lawyer
Spokane Trust Administration Lawyer There are numerous benefits to the different types of trusts under Washington estate planning laws, but you must always remember that trust administration is equally important. You went through many steps to create, execute, and fund your trust, so you want to know that your intentions become a reality through… Read More »
Trust Administration in Kennewick, Yakima, & Spokane
Trust administration is the management of trust property by trustees that follows the trust document’s terms and is for the beneficiaries’ benefit after the settlor’s death. An attorney can help trustees with many required steps to implement effective administration. If you or a loved one has recently passed with a trust in place, the… Read More »
What Happens if a Washington Trust Beneficiary Refuses to Accept a Distribution?
People often create revocable trusts in an attempt to keep their estate planning private. Unlike a will, which is subject to court-administered probate in Washington, a trust is generally not a matter of public record. That said, lawsuits can and do arise over the administration of trusts, in which case their provisions can still… Read More »
Kennewick Revocable Living Trust Lawyer
Kennewick Revocable Living Trust Lawyers Trusts are legal entities that are separate and apart from the people who create them. All trusts must have a grantor who creates the trust, a trustee who manages the investments and distributions of the trust, and at least one beneficiary who receives the benefits of the trust. Trusts… Read More »
Kennewick Trusts Lawyer
Kennewick Trusts Lawyers Trusts make up an important part of many estate plans. They have many benefits including protecting your assets while you are still alive, and holding certain property for loved ones in the event that you pass away. There are many different types of trusts, though, and the one you need will… Read More »
Types of Trusts Available in Washington State
Many people are familiar with the three major types of trusts available in Washington State, but you should be aware that there are several more variants to choose from based on the circumstances. People understand the term “trust” from television portrayals of prosperity or have heard the phrase “trust fund children” in popular culture… Read More »
3 Reasons for Changing a Trust When Moving to Washington
With the influx of people moving to Washington State from California, many folks have questions about whether they should revoke their original trust to establish a new trust in their new state of residence (Washington State). California statutory trustee powers, trustee authorities, and trust administration rules should continue to apply to all trusts created… Read More »
Understanding Your Rights as a Trust Beneficiary
People sometimes assume that a trust beneficiary doesn’t have any real rights and that a beneficiary will always be beholden to any decisions made by the trustee of the trust. However, trust beneficiaries usually have a few rights concerning the trust as well. The exact rights of a trust beneficiary will depend on the… Read More »