How do I administer a trust after a parent dies? | NC

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Q: What are the steps I need to follow to properly administer a trust after a parent dies if most assets are already in the trust or transfer-on-death? A: Start by separating every asset into the right bucket — trust assets, probate assets, and assets that pass by beneficiary or transfer on death. Then gather the trust documents, account statements, deeds, date of death values, debt information,…