When a loved one with a well-drafted and property funding trust, passes
away, it is likely that no court-managed administration is necessary,
though the successor trustee needs to administer the distribution of the
deceased’s assets. The length of time needed to complete the trust
administration of an estate depends on the size and complexity of the
Every trust administration is unique, but most involve the following steps:
- Inventory and appraisal of estate assets by Successor Trustee.
- Payment of estate debt to rightful creditors.
- Sale of estate assets if required.
- Payment of estate taxes, if applicable.
- Final distribution of assets to heirs.