Trust Administration and Settlement in Colorado
Serving Clients & Their Families in Greenwood Village, CO and the Surrounding Areas
As is the case with the administration of an estate established under a Will after the death of the deceased, there is a need to administer and settle trusts established during the lifetime of the deceased, and to follow a process in doing so. Most often the assistance of an attorney skilled and experienced in the field of trusts is necessary.
However, when utilizing a revocable living trust, the process of trust administration is usually less involved than the process of administering an estate.
Most often there is no court involvement with the administration of a trust and, unless there are problematic trust assets, the process can often be concluded within a relatively short period of time. However, it is usually necessary to deal with the income tax implications of the trust administration.
At the Law Offices of Francis J. Evans, we would be happy to discuss with you legal assistance related to the administration of trusts under which you have been appointed trustee or successor trustee.