Trust administration in North Carolina is different from estate administration. There are two main differences between these processes that you should be aware of, especially if you are just starting to think about planning your estate.
- Trust administration takes place in the privacy of your lawyer’s office, while estate administration is a public proceeding in the probate court.
- Trust administration occurs if you have some form of trust in place as part of your estate plan, whereas estate administration is the result of having merely a will in place, or possibly not even having a will in place.
But those aren’t the only differences, there are many other benefits to trust administration vs. going through estate administration or probate. Trust administration can happen much faster than probate, and there is much more flexibility in the process. In addition, trust administration can be much less expensive in terms of the overall cost to administer the estate.
If you are curious in learning more about trust administration for your own estate, you should review some of our informational articles about the differences between trusts and wills.
Are You Looking for a Lawyer to assist you with Trust Administration?
If you have a loved one that has passed away, you may need a lawyer to assist you with the administration of a trust.
First of all, we are deeply sorry that you have lost a loved one. This is a difficult time for you, and the last thing we want to do is make it more stressful for you.
At The Hart Law Firm, we offer trust administration as part of our estate planning services.
If you are interested in learning more about the trust administration process as it pertains to you loved one’s case, we are happy to help. Simply click the link below to schedule an initial no obligation call.