It is well known that one responsibility of a trustee during an Anaheim trust administration is to take control over and protect the assets of the trust. In many cases, however, you may first need to do some digging in order to uncover exactly what assets are owned by the trust. An experienced trust administration attorney can help you through this process. The following are some initial steps that you can take as you attempt to identify and take control of trust assets:

  1. Seek out a list of trust assets from the estate planning file, if it is made available to you.
  2. Consult with friends and families regarding assets that may have belonged to the decedents.
  3. Consider conducting a property search to identify interests in real estate.
  4. Obtain copies of recent tax returns, and make note of the assets listed and income earned.
  5. Consult with your loved one’s financial planner. Your loved one may have provided detailed information to one or more of his professional advisors about the assets that he held, and where he held them.

Ideally, the creator of the trust informed someone about the existence of his assets, or kept detailed records that can point you in the right direction. Once you have possession and control over the assets during the Anaheim trust administration process, you are obligated to maintain this control in order to protect the assets of the trust.

To learn more about your duties and obligations as a trustee, contact the Law Office of James F. Roberts & Associates, APC, today. Call our office of experienced Anaheim trust administration attorneys at (714) 459-5481 for a consultation.

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm
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