1. What is involved in trust administration?
Trust administration involves managing trust assets, handling required obligations, and distributing property according to the trust document.

2. When does trust administration begin?
Administration typically begins after the trust creator’s death or when a successor trustee assumes responsibility.

3. Does a trust go through probate?
Most properly funded trusts are administered outside of probate court.

4. What responsibilities does a trustee have?
Trustees are responsible for protecting assets, keeping records, and following the trust’s terms.

5. Can trustees be held accountable for mistakes?
Yes. Trustees may be personally liable for mismanagement or failure to meet fiduciary duties.

6. Are beneficiaries entitled to trust information?
Yes. Beneficiaries generally have the right to receive updates and financial information.

7. Are taxes part of trust administration?
Some trusts require tax filings depending on trust income and assets.

8. What if disagreements arise during administration?
Many disputes can be addressed through communication or legal assistance before court involvement.

9. How does the Richmond Office help with trust administration?
Our Richmond Office provides guidance and support to trustees and beneficiaries throughout the trust administration process.