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A trust administration is NOT a court-supervised process,yet its ultimate goal is also the transfer of property from an individual who has died (the �decedent”) to that individual�s beneficiaries who are identified in the living trust.
You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
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Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor.
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If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate.
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Also review any outstanding bills and debts and decide whether/how they must be paid.
It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments open.
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