Trust Administration
Guidance for trustees and executors carrying out a plan after a death.
Serving as a successor trustee or executor is a legal role with real duties: notifying beneficiaries and heirs, marshaling and valuing assets, paying debts and taxes, keeping accounts, and distributing according to the trust or will. Most people asked to do it have never done it before. KPLAN Law Group guides trustees through the process so that it is completed correctly, on time, and without personal liability.
Administration is also a tax event. The decedent's final income tax return, the trust's or estate's fiduciary returns, the estate tax return where required, and the step-up in basis for inherited assets all need to be handled in the right order and on the right forms. Working with KYJ, LLP, we manage the legal and tax filings together so that the trustee has one team to call.
Where an estate must go through probate, or where a dispute arises among beneficiaries, we represent fiduciaries and family members in the San Diego Superior Court and work to resolve matters efficiently.
How we help
- Successor trustee guidance and fiduciary duty counsel
- Statutory notices, inventories, and asset retitling
- Sub-trust funding for A/B and marital trusts
- Decedent, fiduciary, and estate tax returns in coordination with KYJ, LLP
- Trust accountings and beneficiary distributions
- Probate administration and representation of fiduciaries