Serving Palmdale & Lancaster
Request Your Consultation | Habla Español 661.426.2499
Helping Residents of the Antelope Valley Since 1977 In-Depth Knowledge to Help You Secure Your Family's Future

Lancaster Trust Administration Lawyers

Guidance for Successor Trustees

If you have questions about the management or administration of assets in a living trust, or if you have been named as the successor trustee under the terms of a revocable living trust, A/B bypass trust, special needs trust, or other estate planning document, you likely will need experienced professional advice about the proper discharge of your duties as trustee during a period of incapacity or for postmortem administration.

Contact the Lancaster trust administration attorneys at Thompson | VonTungeln A.P.C. in the Antelope Valley for reliable guidance about your duties.

Certified Specialists to Assist You in Your Legal Duties

Our trust administration lawyers Mark E. Thompson and Kevin L. Von Tungeln are both Board Certified Specialists in Estate Planning, Trust, and Probate Law by the State Bar of California Board of Legal Specialization. Their experience and familiarity with the legal and practical considerations of California trust administration can save you stress, confusion, and the risk of expensive mistakes.

Among the duties of a successor trustee following the death of the trustor under a revocable living trust are the following:

  • Read and understand the terms of the trust and contact any named co-trustees
  • Give written notice of the living trust to trust beneficiaries, the decedent's heirs at law, and contingent heirs
  • Prepare a preliminary inventory of the trust assets with estimated values
  • Meet with legal, financial, real estate, or tax professionals as necessary to develop an accurate inventory with valuations, and to make sure that all assets are properly titled in the trust
  • Collect death benefits, prepare and file tax returns, pay bills, and prepare a final accounting
  • Distribute trust assets according to the terms of the trust

In a situation where the successor trustee's duties are activated upon the trustor's incapacity, the functions are roughly similar, with the important additional responsibility of supervising the medical treatment or long-term care of the trustor. Additional duties will involve contacting banks and financial advisors, appointing a guardian of minor children if necessary, and applying for insurance or disability benefits.

For more information about the responsibilities involved in trust administration, call (661) 426-2499 to speak with a Lancaster trust administration attorney at Thompson | VonTungeln in the Antelope Valley.

Contact Us Today

It’s never too early to plan and protect your future
    • Please enter your first name.
    • Please enter your last name.
    • Please enter your email address.
      This isn't a valid email address.
    • This isn't a valid phone number.
    • Please make a selection.
    • Please enter a message.

Our Blog

Recent Posts
  • I'm not dead yet! Why do I need Estate Planning? Part 2

    You may be under the assumption that a durable power of attorney will prevent the court’s involvement at incapacity- A durable power of attorney lets ...

    Continue Reading
  • Why I Love LegalZoom

    There are numerous reasons I love LegalZoom. Here are a few: First, my ideal estate planning clients do not use LegalZoom for their estate planning. ...

    Continue Reading
  • Top Scams Against the Elderly

    Please take a moment and check out the short article in the link below. Awareness is the first step in stopping crimes against our elderly citizens. ...

    Continue Reading