Who administers trusts?

Who administers trusts?

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It really depends upon the type of trusts that we're talking about. Most frequently, we're talking about a revocable living trust. A trustee is the title given to the individual who administers trusts. While you are alive and you have not suffered from any type of incapacity, you yourself are the trustee of your own trust. This means you just happen to be the manager of all the assets in the trust. After you've passed away, you have the ability to appoint the next successor trustee who will take over and administer your trust and usually distribute the assets of the trust as a part of the inheritance that you have planned for your beneficiaries.