How is Trust Administration different from Probate?
A trust administration is a process used to administer assets in a decedent’s trust at the time of death. Many tasks are the same as probate, such as gathering and valuing assets, paying creditors and administration expenses, and distributing assets to beneficiaries. However, there is no Probate Court involvement in a trust administration. This results in no court costs and virtually no court filing requirements. All documents filed with the Probate Court are available for review by the general public, whereas a trust administration protects the privacy of all interested parties. The trust administration process is generally faster than a probate proceeding.
