Trust administration is a necessary process that begins after the death of either one or both trust settlors (the people who created the trust). There are many tasks that must be done to ensure proper administration. Some of which are designed to protect the successor trustee.
Trust administration begins with a required probate code notice to all trust beneficiaries and heirs of the settlors. ?? California Probate Code section 16061.7 states that such notice must be sent within 60 days of the death of a settlor and allow the recipient of the notice to request a copy of the trust. After receiving the mailed notice, the recipient has 120 days from the date of mailing to file a trust contest. If no objections are filed within a 120 days then the notice recipient may forfeit their right to file a contest.
But if no notice is mailed the statute of limitations in which a trust contest could be filed is much greater, and could be up to at least four years.
Beware: many successor trustees who handle trust administration without the advice of an attorney often skip this very important step.
Working with an attorney for trust administration is a rather straightforward process and will give the successor trustees a great peace of mind throughout the administration.