Trust administration can be a daunting task for a busy person. Many people nominate one of their children to be successor trustee without realizing how much work trust administration entails. Being trustee of a trust that needs to be administered can be like having a second job, and if it is not done correctly, it can even subject the trustee to liability. There are also deadlines for accomplishing certain tasks during trust administration.
Strahle Legacy Planning can help trustees by informing them of all their duties and obligations. Ms. Strahle helps trustees complete all required duties by the requisite deadlines, and takes over the tasks that can be done by an attorney so that your workload as trustee is less tedious.
Ms. Strahle advises professional fiduciaries during trust administration as well. Especially if you have an upcoming distribution, you will want to make sure you have done everything correct.
If you are in the process of creating your trust, you may want to consider hiring a professional fiduciary to handle trust administration instead of nominating your own children if your own children are not in a position to handle additional work and obligations.