The investment in a trust means having the peace of mind, knowing that your assets will go to your loved ones.
When your assets are properly titled in the name of the trust, those assets will go through a trust administration process to transfer to your beneficiaries when you pass away.
Trust Administration is the private transfer of assets to the beneficiaries listed in the trust and in the manner which is listed in the trust.
Once you pass away, your named Successor Trustee will begin the trust administration process by working with a trusted attorney to determine what needs to be done to facilitate the transfer of your assets to your beneficiaries.
Trust Administration includes collecting the assets that are in the trust, inform the beneficiaries of the trust, and distribute the trust's assets according to its terms.
Although the trust administration process can feel overwhelming, Fortitude Estate Planning is here to advise you throughout the entire process.