Trust Administration and the Role of the Trustee

Revocable living trusts are very useful for a wide range of people. You do not have to be a millionaire to benefit from the utilization of a living trust as the centerpiece of your estate plan. Many people assume that a last will is the only logical document to use, because they feel as though a will is the simplest and most efficient estate planning device. In fact, the estate administration process can get rather complicated when you utilize a will to state your final wishes with regard to asset transfers. The executor or the personal representative is the person who would handle the estate administration tasks after you die if you use a will. You could nominate an executor when you create the will. Under Connecticut state laws, the executor would be required to admit the will to probate after your passing. During this process, the probate court would supervise the actions of the executor while the estate is being administered. The heirs would have to wait out this process. Inherita
http://www.preserveyourestate.net/trust-administration-role-trustee/

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