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Six Documents Needed for Identifying Trust Assets

Doing your best to identify the assets of a trust is an important way to not only protect the assets of the trust, but also to minimize your potential for personal liability. To do so, you may have to contact various financial institutions seeking information about whether your loved one held accounts there. These banks and financial institutions will not speak to just anyone, however. Instead, you must clearly demonstrate your authority as the successor trustee of the trust.

Six Documents Needed for Identifying Trust Assets:

How can you prove that you have the authority to verify whether a particular institution holds an asset belong to the trust? We recommend that you have the following documents on hand:

  • First, a copy of the trust that shows you are named as the successor trustee.
  • Also, a copy of your loved one’s death certificate, if he or she is deceased.
  • Then, a copy of the documentation demonstrating your loved one’s mental incapacity. This is only required if that is the reason why you are stepping in as successor trustee.
  • Furthermore, a copy of any previous trustee’s trustee resignation.
  • Additionally,  a copy of your acceptance of your appointment as trustee.
  • Some form of personal identification.

If you need assistance gathering the documents needed for identifying trust assets, we are here to help. Our role is to guide you through the process of a trust administration, including the important identifying trust assets. To learn more about how we have helped many other clients in the past, we encourage you to check out our client testimonials page today.

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Scott Grossman

Scott Grossman

Attorney

The Grossman Law Firm, APC · 525 B Street, Suite 1500, San Diego, CA 92101 · (951) 523-8307
 

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