TRUSTEE’S MILLION DOLLAR QUESTION: WHO IS ENTITLED TO NOTICE OF TRUST ADMINISTRATION?
By James P. Lamping*
The identity of the persons entitled to notice of a trust administration is less clear than is the identity of those entitled to notice of a probate administration. The statutes governing notice of a trust administration are ambiguous and what is worse, trustees generally do not have the protections afforded by a court supervised administration. As a result, a trustee may face significant liabilities many years after a trust administration has been completed.
II. PROBATE ADMINISTRATION NOTICE REQUIREMENTS