Results for tag: "Trust Administration"

Trust Administration is a legal service that involves the management of assets held in trust. It is typically provided by a professional trustee, such as a bank, trust company, or attorney. The trustee is responsible for managing the trust assets, ensuring that the trust is administered according to the terms of the trust document, and providing reports to the beneficiaries. Trust Administration also involves the preparation of tax returns, the filing of any necessary documents with the court, and the distribution of assets to the beneficiaries. Trust Administration is an important part of estate planning, as it helps to ensure that the assets of the trust are managed in accordance with the wishes of the grantor. It also helps to protect the assets of the trust from creditors and other claims. Companies in the Trust Administration market include Bank of America, Wells Fargo, U.S. Trust, Northern Trust, and PNC Bank. Show Less Read more