• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • Communities We Serve
      • Minnesota
        • Bemidji
        • Crookston
        • East Grand Forks
        • Fertile
        • Thief River Falls
      • North Dakota
        • Devils Lake
        • Dickinson
        • Grafton
        • Grand Forks
        • Minot
    • Job Opportunities
    • Speaker Connection
  • Estate Planning
    • Asset Protection
    • Business Planning
    • Elder Law & Medicaid Services
    • Estate And Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Financial Planning Assistance
    • Incapacity Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • Probate
    • SECURE Act
    • Special Needs Planning
    • Trust Administration
  • Elder Law
    • Are You A Caregiver
    • Conservatorship
    • Coping with Alzheimer’s
    • Hospice Care
    • Life Care Planning Services
    • Medicaid Benefits
    • Nursing Home Planning
    • Veterans Benefits
  • Seminars/Webinars
  • Resources
    • Client Resources
      • Estate Planning Resources for Farmers
      • Elder Law Resources
        • Bemidji
        • Grand Forks Elder Law
        • Minot Elder Law
        • Thief River Falls Elder Law
      • Estate Planning Checklist
      • Is Your Estate Plan Outdated?
      • Probate Checklist
      • Probate Resources
        • Bemidji Probate
        • Grand Forks Probate
        • Minot Probate
        • Thief River Falls Probate
      • Relocation Toolkit
      • Top 10 Estate Planning Techniques
    • DocuBank
    • Elder Law Reports
    • Free Medicaid/Long-Term Care Calculator
    • Frequently Asked Questions
      • Asset Protection
        • Business Planning
        • Business Succession Planning
      • Elder Law
        • Medicaid Planning
        • Veteran’s Benefits
        • Nursing Home Planning
      • Estate Planning
        • Estate Planning & Divorce
        • Estate Planning for Women
        • Job of an Executor
        • Families Without an Estate Plan
        • Gift, Estate, and Inheritance Taxes
        • Including Philanthropy in Your Estate Plan
        • Including Your Pet in Your Estate Plan
        • LGBTQ Estate Planning
        • Power of Attorney
        • Serving as Executor
      • Financial Planning
      • Incapacity Planning
        • Social Security Benefits
        • Understanding SSI and SSDI
      • Trust Administration & Probate
        • Probate
        • Small Estate Probate
        • Trusts
        • Wills
    • Newsletters
    • Probate & Estate Planning Savings Calculator
    • Professional Resources
    • Published Books
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
  • Reviews
    • Our Reviews
    • Review us
  • Contact Us
  • Blog

GermanLawGroup

Estate Planning & Medicaid Attorneys in Grand Forks , North Dakota

Call us today(800) 774-7576

  • Facebook
  • Twitter
  • Linkdin
  • Instagram
  • Youtube
Attend A Free Seminar
Home » Services » Trust Administration

Trust Administration

After someone has passed away, the assets of the deceased person, or decedent, must transfer to the new owners. In most cases, this transfer of assets is facilitated through the probate process. However, if a trust had been created by the decedent, then the trust administration process will instead be the mechanism by which the assets are transferred to designated heirs or beneficiaries.

A trust administrator is responsible for overseeing the technicalities of the trust administration process. German Law can provide representation to the trust administrator in fulfilling his role, which comes with many technical responsibilities. Our firm can also represent those who stand to inherit from a trust, and can provide guidance throughout the trust administration process to ensure that your inheritance is protected. Contact us today to find out about the personalized help that we can offer you and to get answers to questions you have about the trust administration process including:

  • What is involved in trust administration?
  • Who should have a lawyer during the trust administration process?
  • How can a trust administration lawyer help you with the trust administration process in North Dakota and Minnesota?

What is Involved in Trust Administration?

The trust administration process involves taking technical legal steps to facilitate the transfer of assets held within a trust to the trust beneficiaries, according to the instructions that were provided in the trust document. The trust document should name a trust administrator who is responsible for facilitating this process. The trust administrator has a fiduciary duty to comply with the trust document and with the law.

The trust administrator must provide notice to relevant parties, comply with tax laws associated with the transfer of trust assets, and manage the assets that are held within the trust until the trust administration process is complete. It is the job of the trust administrator to go through the process of formally changing ownership so the designated beneficiaries can become the new legal owners of trust assets. The process of trust administration can be complicated, especially if the estate is a larger one, if there are many different kinds of trust assets, or if the administrator is not familiar with tax laws.

German Law makes the process easy. Our legal team explains every step involved in the process and is there to advise you and handle all of the technical aspects of trust administration. You are coping with this process of trust administration right after a loved one has passed away, so taking care of all of these legal details is made even more difficult by your grief. Our attorneys are knowledgeable and compassionate and will wok to ensure that the process is as easy as possible for all parties who are involved.

Who Should Have a Lawyer During the Trust Administration Process?

The trust administrator must fulfill his duty to the deceased trust creator and to heirs or beneficiaries who will inherit under the terms of the trust. While the court is not typically involved in the trust administration process, legal action could potentially be taken against a trust administrator who violates his fiduciary duty.

If you have been named as a trust administrator, you do not want to put yourself at risk of legal trouble and you do not want to put heirs or beneficiaries at risk of losing part of their inheritance due to mismanagement of the trust administration process. You should work with an experienced attorney to help you to comply with the law and complete all of the required trust administration steps.

If you are going to inherit from a trust, it is also important that you have a legal advocate looking out for your interests. An attorney can help you to understand how the process will work for you to receive your inheritance and can oversee the trust administration process to ensure that the administrator is complying with the law and protecting the wealth that will one day be yours.

How can a Trust Administration Lawyer Help with the Trust Administration Process in North Dakota and Minnesota?

German Law will guide you through every step of the trust administration process. Whether you are a trust administrator or you are a trust beneficiary who stands to inherit, we can help you to ensure the process goes as smoothly and quickly as possible while protecting trust assets. Give us a call today to find out more about how our experienced attorneys help families with the trust administration process in North Dakota and Minnesota.

Primary Sidebar

TESTIMONIALS

Client Review
August 24, 2020
    

Needed to come in to get specific advice for our needs. The attorney spoke to us in terms we could understand, coming to our level and did not make up feel uncomfortable. They were very considerate and caring. We didn’t feel rushed. We felt like they cared and knew what they were doing.

default image
C.P., Minnesota
Client Review
August 24, 2020
    

We were wonderfully satisfied. Wayne did an outstanding job of explaining, diagramming and answering questions and concerns.

default image
JW & CD, North Dakota
Client Review
August 24, 2020
    

They were courteous, efficient, knowledgeable, and trustworthy.

default image
D.T., Minnesota
Client Review
August 24, 2020
    

Very helpful. Our children and us are are confident in your group.

default image
-Anonymous, Fargo, North Dakota
Client Review
August 24, 2020
    

"Very professional, covered all, expertise, friendly, peace of mind now."

default image
- Anonymous, North Dakota
Client Review
August 24, 2020
    

So much of a client's high or low opinion of an organization depends on their welcomed feeling. I felt that every time I visited the office, every person I talked with listened and took action on my concern or questions! They were also very friendly.

default image
~J.R., Grand Forks, ND
Client Review
August 24, 2020
    

From phone calls to signing the final documents I was treated with respect, kindness, and understanding by Wayne & Jenn. Every business that wants their business represented well should have someone like Jenn & Wayne. They both made me feel relaxed and assured I was at the right place at the right time at this time in my life. 

default image
~ Deborah Rucinksi, North Dakota 
Client Review
August 24, 2020
    

All of the paperwork was completed in a timely matter. Wayne was very good in explaining the trust to us. 

default image
~Anonymous
Client Review
August 24, 2020
    

Thank you for taking care of my finances after I am gone. I worried about probate once; hopefully this has been solved. Everyone was very polite and helpful. Thank you Katie for answering my questions, and also Jenn.

default image
- Anonymous
Client Review
August 24, 2020
    

This Avvo rating is killer and so deserved! You are the best brother! The only thing is I think the 10 rating is too low, in my book you go to 11! Congratulations on the award, you should be very very proud. See you at your Holiday party, thx for the invite.

default image
Anthony G., Los Angeles, CA
Client Review
August 24, 2020
    

Everyone at German Law was helpful and pleasant. I felt good about my decision, I thought I was doing the right thing for myself & my family. Wayne took his time and didn't rush, which is good because a lot of this can be over people's heads.

default image
A.W., Red Lake Falls, MN
Client Review
April 15, 2021
    

Excellent

Very interesting, informative and valuable information and ideas.

Valuable information.

default image
RP
Client Review
April 15, 2021
    

5 STARS! Thanks for allowing this to be on a webinar! Very interested in this topic.

Great Estate Planning Guide

default image
SD
November 25, 2022
    

John provided very short turn-around time that we needed. He built an amortization schedule that really met our needs. He was responsive and very easy to work with! Quick and easy!

 

Cammy was also very helpful and professional!

default image
November 25, 2022
    

Really Liked it.
Assisted by John Oelke

default image
November 25, 2022
    

Excellent!

default image
<
>

FREE ESTATE PLANNING WORKSHEET

  • This field is for validation purposes and should be left unchanged.

Where We Are

German Law
2650 32nd Avenue South, Suite O
Grand Forks, ND 58201
Phone: (701) 738-0060
Fax: (701) 738-0064

See Larger Map Get Directions

Office Hours

Monday8:00 AM - 12:00 PM and 1:00 PM - 5:00 PM
Tuesday8:00 AM - 12:00 PM and 1:00 PM - 5:00 PM
Wednesday8:00 PM - 12:00 PM and 1:00 PM - 5:00 PM
Thursday8:00 AM - 12:00 PM and 1:00 PM - 5:00 PM
Friday8:00 AM - 12:00 PM

Map

Footer

  • Speaker Connection
  • Advantages of Working With Our Firm
  • About The American Academy
  • Sitemap
  • Contact Us

Connect to Us

  • Facebook
  • Twitter
  • Linkdin
  • Instagram
  • Youtube
footer-logo

© 2023 German Law
All Right Reseved.

Attorney Advertisement