We also have worked extensively with the administration of various types of revocable trusts (or living trusts), irrevocable trusts, testamentary trusts, and supplemental needs or special needs trusts. A trust, whether revocable, irrevocable, testamentary, or other, is created by a trust agreement, which dictates when, how, and to whom an individual’s assets are distributed either after his or her death, or at some other chosen time. The trust agreement also appoints a trustee to manage and distribute the assets held within the trust pursuant to the terms of the trust agreement. If an individual’s assets are property funded to his or her trust, those assets do not need to be probated.
At Davis Law Firm, we often represent trustees throughout the administration or distribution of the trust assets.