(The Nuts and Bolts of Administering a Trust for the First-Time Trustee)
AUTHOR PROFILE
Patricia K. Rice is a certified paralegal living in Northern California who, for
the last eleven years, has worked for an attorney certified by the State Bar of
California in Probate, Estate Planning, and Elder Law. Ms. Rice administered her
first trust in 1996 and since that time has been responsible for the administration
of hundreds more. A few of those trusts have been insolvent and quite a few have
had assets valued at more than one million dollars, with the majority somewhere in
between. One trust administration is never quite like the one before, and with each
one she learned a bit more about trust administration. The result is that she has
become quite accomplished in the many details of administering trusts. Ms. Rice
believes that most trustees, if provided with a step by step guide and sample forms,
can administer a trust with minimal professional assistance.