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Trust Administration

Texas Trust Administration



Proper administration of a Trust is paramount for the desired goals and intentions of a Trustor to be achieved.  Trust administration begins from the moment a Trust is created and funded until its termination through dispersion or depletion of assets.  Often, a trustee is tasked with the responsibly and duty of looking after a beneficiary's physical, financial and emotional wellbeing. The keys to managing this difficult position are fully understanding what is required, identifying the potential issues and conflicts associated with the particular trust relationship and managing these issues and conflicts prudently and without bias. 

Click here to learn more about the duties of a trustee.

Understanding the terms of a Trust Agreement
A trustee must fully understand the terms of the trust agreement in respect to distributions to beneficiaries.  Often the most difficult job a trustee has to do is to make discretionary distributions to trust beneficiaries.  

Click here to learn more about these guidelines and policies.

Informing Beneficiaries
A trustee has a duty to keep all beneficiaries reasonably informed concerning the administration, investments and transactions involving a trust and the material facts necessary for the beneficiaries to protect their various interests.


Administrative Record Keeping
A trustee should have a reliable method to keep track of recurring events involving the trust which require action.  Administrative Record Keeping assists in reconstructing the history of the trust and provides information not reflected in the accountings and other financial documents. 

Click here to learn more about administrative record keeping.
 
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