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Being a successor trustee of someone’s revocable living trust is not something that people do every day. In fact, many people will never do it. That is why most people are unfamiliar with how to complete a trust settlement.
There are six main steps:
If there are items that are in probate, the beneficiaries of those items will have to wait until probate is complete before they receive them. You will need to continue to work closely with the trust attorney throughout the process. Probate can sometimes take up to a year or longer; however, the trust settlement is not complete until it is final, and all assets have been properly distributed.
Source: The Balance, “Estate Planning Settle a Revocable Trust After the Trustmaker Dies,” Julie Garner, accessed Dec. 15, 2017