Medina County, Ohio Trust Administration Lawyer

One of the best ways for someone to pass on their assets to beneficiaries is by creating a Trust. Once the individual passes away or a triggering event occurs, the Trust will have to be administered. If you were appointed as the trustee and your loved one has passed away, you are most likely wondering how to go about the administration process. Contact a dedicated Medina County Trust administration lawyer from Krause Law today to schedule your initial consultation with our seasoned legal team.

Trust Administration Lawyer | Here to Help You Along the Process

Here at Krause Law, we understand that matters involving probate and estate administration are more than legal procedures; they signify the end of one chapter of life. We believe in providing our clients with candid, forthright legal advice and guidance so they can get back to focusing on what matters most. If you need help along the Trust administration process, you should strongly consider speaking with a knowledgeable Medina County, Ohio probate lawyer from our firm.

Administering a Trust

There are several steps involved in administering a Trust in Ohio after someone passes away, and these steps will vary depending on the type of Trust being administered. That said, in general, the Trust administration process will involve the following:

• Obtaining a copy of the trustor’s certificate of death.
• Identifying beneficiaries of the Trust and notifying them of the individual passing away.
• Taking an inventory of all assets held within the Trust.
• Determining whether any assets have to be liquidated to meet the terms of the Trust.
• Determining the tax liability of the Trust.
• Distributing the Trust to beneficiaries in accordance with terms set out in the Trust.

Ultimately, administering a Trust is just one part of the probate process, and if your loved one recently passed away and you have been appointed as executor or a trustee, the most important thing you can do is hire a competent attorney who can effectively guide you through the process. Fortunately, you are in the right place. Krause Law is ready to assist you.

Contact a Trust Administration Lawyer Today

Don’t make the mistake of going through the Trust administration or probate process alone. Hire a dedicated Trust administration lawyer who understands the ins and outs of estate law and can ensure everything moves along as smoothly as possible. Contact Krause Law today so we can get started working on your case.