When someone passes away, their estate may go through probate or be managed through a trust. In Marana, Arizona, the person who manages the trust is called a trustee. Knowing what a trustee does can help families handle probate and estate matters more smoothly.
What Is a Trustee?
A trustee is the person chosen to manage the money, property, and assets placed in a trust. Their main responsibility is to follow the instructions written in the trust and act in the best interest of the beneficiaries — the people who receive the assets.
The Role of a Trustee in Probate
In some cases, a trust can still go through part of the probate process in Marana. When this happens, the trustee has several important duties, including:
- Managing assets – The trustee gathers and protects all property and financial accounts in the trust.
- Paying debts and taxes – Before giving out assets, the trustee pays any remaining debts or taxes.
- Keeping records – The trustee keeps track of all transactions, expenses, and payments.
- Distributing assets – After debts are settled, the trustee gives the remaining assets to the beneficiaries.
- Communicating with heirs – The trustee keeps everyone informed during the process.
Why Trustees Are Important
A trustee must act honestly and responsibly. They have a legal duty to protect the trust and follow its terms. Choosing someone who is organized, dependable, and understands Arizona probate laws is very important for a smooth process.
Work with a Marana Realtor Who Understands Probate
If the estate includes property, having an experienced local realtor can make things easier.
Ryan Comstock, a trusted Realtor with eXp Realty, helps families in Marana, Arizona handle real estate connected to probate and trusts.
He can assist you with:
- Finding the market value of a home
- Preparing a property for sale
- Coordinating with lawyers and families
- Making the entire process simple and stress-free
📞 Phone: 520-261-4669
📧 Email: ryancomstock@ryancomstock.com
🌐 Website: www.ryancomstock.com