Trust Administration is the process of collecting and distributing the assets which are titled to a trust after the last of the creator or "Grantor's" have passed away. The collection and distribution are handled by the "Successor Trustee", a similar position to an Executor or Personal Representative of a Probate Estate. This process can be very quick and private.
Probate is a court-monitored legal process in which assets are transferred from the name of the decedent to the rightful, heir, or beneficiary.
Estate planning is arranging for the use and disposal of your resources and property after your death. It allows you to look at the total picture. There are a few basic documents that are used to accomplish a well-rounded estate plan: