Your parents died with a living trust, and you’re the person designated to fulfill the wishes in the trust.
You’re going to need to carry out the plan they put together. There are fiduciary duties that need to be met, and not meeting them could lead to major legal liability.
You’ll need to give legal notice to several parties, complete the proper tax forms, pay off any creditors, and make sure everyone gets what they’re owed.
Should I hire an attorney to help administer the trust?
Having an attorney guide you through the trust administration process is common and highly recommended.
Why? Because it’s an affordable way to make sure unintended legal mistakes are avoided. We can guide you through every step of the process.
You don’t need to go it alone. When it’s time to wrap up a living trust, give us a call. We’re here to help.