Trusts are powerful estate planning tools that help individuals transfer assets efficiently and privately. But when the person who created the trust (the grantor) passes away or becomes incapacitated, the responsibility of managing the trust falls to the successor trustee. Trust administration involves a wide range of duties, from marshaling assets and paying debts to keeping beneficiaries informed and ensuring legal compliance.
In Michigan, trustees are fiduciaries, meaning they have a legal duty to act in the best interests of the trust and its beneficiaries. Mistakes—even unintentional ones—can result in personal liability. Many trustees are family members or friends of the grantor and may be unfamiliar with the legal and financial responsibilities involved.
Fries Legal Services provides experienced trust administration assistance to help trustees confidently and correctly carry out their role. Colleen guides you through the entire process, ensuring all legal requirements are met, deadlines are followed, and assets are distributed according to the trust’s terms.