Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
An Overview of Asset Transfer Strategies

You may need to transfer assets for all sorts of reasons. A working knowledge of ...

The post An Overview of Asset Transfer Strategies first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Tax Planning with Charitable Trusts (Lead vs. Remainder Trusts): A Guide

When navigating the complex world of estate planning, financial planning, and tax planning, understanding the ...

The post Tax Planning with Charitable Trusts (Lead vs. Remainder Trusts): A Guide first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more

What Are the Duties of a Trustee After the Grantor Passes Away?

April 4, 2019

There are both practical and legal responsibilities linked to a trustee when the grantor passes away.

Professional business team working together at office desk discussing during a meeting, efficiency and teamwork concept

These include:

  • Locating and reviewing all of the important papers of the deceased. These items should be found as soon as possible.
  • Change the locks and take any steps necessary to close out and protect the house.
  • Notify insurance carriers that the house will remain vacant.
  • Verify that property insurance and auto-insurance policies are active such that various trust assets are insured against liability or loss.
  • Get the certified copies of the death certificate from the village clerk, town clerk, or funeral director.
  • Make a list of all the household goods that are included in the house to be distributed to beneficiaries. Photographing personal property can make this process easier.
  • Create an exhaustive list of all of the assets and establish a baseline value for these assets.
  • Pay any outstanding debts, bills or taxes.
  • If the trust will generate more than $600 in total income from the date of the person passing away until all of the assets inside the trust are distributed, the trustee needs to obtain a tax identification number for the trust.
  • File any claims for IRAs, life insurance and other assets that require individual forms.
  • Create an accounting of all expenses paid and all assets at the date of the death.
  • Keep beneficiaries notified about the status of the case.

If you are curious about how to serve in this role as a trustee, schedule a consultation with an experienced attorney.     


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
An Overview of Asset Transfer Strategies

You may need to transfer assets for all sorts of reasons. A working knowledge of ...

The post An Overview of Asset Transfer Strategies first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Tax Planning with Charitable Trusts (Lead vs. Remainder Trusts): A Guide

When navigating the complex world of estate planning, financial planning, and tax planning, understanding the ...

The post Tax Planning with Charitable Trusts (Lead vs. Remainder Trusts): A Guide first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more