1. What is trust administration?
Trust administration is the process of managing trust assets and carrying out the trust’s instructions after a qualifying event.
2. When does trust administration begin?
It typically begins when the trust creator passes away or when a successor trustee takes over.
3. Is probate required for trust administration?
Most trusts are administered outside of probate when assets are properly transferred into the trust.
4. What is the trustee responsible for?
Trustees handle asset management, recordkeeping, and distributions while following fiduciary duties.
5. Can a trustee be held personally liable?
Yes. Trustees may face personal liability if they fail to meet legal or trust obligations.
6. Are beneficiaries kept informed during administration?
Trustees must provide beneficiaries with reasonable updates and information.
7. Are taxes part of trust administration?
Some trusts require tax filings depending on trust income and activity.
8. How are trust disputes typically resolved?
Many disputes can be resolved through guidance and communication without court involvement.
9. How does the Southwest Office assist with trust administration?
Our Southwest Office provides practical support for trustees and beneficiaries navigating trust administration under Texas law.