From the Napa Valley Register:
A reader's question: My mother-in-law passed away last week. She has a trust, with her six children named in it. Her oldest daughter is the trustee. What are the trustee’s immediate duties and responsibilities? Should she reassess the family home? File taxes? Close bank accounts? Notify beneficiaries?
Patti's Comments: I thought this might be interesting information for folks to review re: trust administration. I think trust administration is a difficult job, so the more information you can give folks on it while they are determining who should be named as trustee or successor trustee the better!
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