Administering a Revocable Living Trust after the Trustor's death involves several key steps to ensure that the assets are distributed according to the Trust's terms.

Administering a Revocable Living Trust after the Trustor's death involves several key steps to ensure that the assets are distributed according to the Trust's terms. First, the successor Trustee must locate the Trust document and gather all necessary financial information, including bank accounts, real estate, and personal property. The Trustee should notify beneficiaries and creditors, settle any outstanding debts, and file necessary tax returns. Depending on the complexity of the estate, professional guidance from a lawyer or accountant may be advisable to ensure compliance with state laws and to avoid potential disputes. Once all obligations are fulfilled, the Trustee distributes the remaining assets to the beneficiaries as outlined in the Trust.

If you have questions about Revocable Living Trusts or any other aspect of estate planning, give us a call at 253.858.5434 to set up an appointment today. We proudly represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.