Trust Administration

Meurer & Potter Law Office, Denver, Colorado

No matter what type of trust you’ve established during estate planning, trust administration will be handled by your designated fiduciary, here called the Trustee. Similar to estate administration, the process generally includes:

Gathering and valuing trust assets,
Notifying and paying creditors,
Filing and paying required taxes, and
Distributing the remaining property to beneficiaries according to the trust terms.

At Meurer & Potter, P.C., we assist clients both in establishing trusts and in guiding trustees through the trust administration process.

Compared to estates subject to probate, trust administration is typically:

Faster | Because it does not require formal court supervision, trust administration can often move forward more efficiently.
More Private | Unlike probate proceedings, which are part of the public court record, trust administration is generally handled privately.
More Cost-Effective | Probate proceedings may involve court costs, Personal Representative compensation, and legal fees that are sometimes calculated as a percentage of the estate.

Trust administration can, in many cases, reduce those expenses. Because trust administration involves legal deadlines, fiduciary duties, and detailed documentation, trustees must proceed carefully to avoid personal liability.