1. What does trust administration involve?
Trust administration involves managing trust assets and carrying out the trust’s instructions after a triggering event, such as a death.
2. When does trust administration usually begin?
Administration typically begins when a successor trustee assumes responsibility for the trust.
3. Is probate court involved in trust administration?
Most trusts are administered privately and do not require probate court involvement if properly funded.
4. What responsibilities does a trustee have?
Trustees manage assets, maintain records, and follow fiduciary obligations under Texas law.
5. Can a trustee be held personally liable?
Yes. Trustees may be personally liable if they fail to properly manage trust assets or follow trust terms.
6. Are beneficiaries entitled to trust information?
Yes. Beneficiaries generally have the right to receive updates and financial information.
7. Are taxes required during trust administration?
Some trusts require tax filings depending on trust income and asset activity.
8. How are trust concerns or disputes handled?
Many trust-related issues can be resolved through communication or legal guidance before court involvement.
9. How does The Woodlands Office assist with trust administration?
Our The Woodlands Office provides guidance and support for trustees and beneficiaries throughout the trust administration process.