Trust administration

Helping Minnesota Trustees Navigate Trust Administration with Confidence

Acting as a successor trustee is a heavy responsibility, but with an experienced trust administration lawyer in Minnesota by your side, every obligation becomes clear. Field Law supports families from Anoka to Andover and Coon Rapids, managing notices, accountings, and tax filings so you can honor the grantor’s wishes without second-guessing each step.

Practice Areas

Detailed guidance that keeps you compliant with Minnesota statutes and IRS rules

Straightforward explanations—no confusing legal jargon or guesswork

Coordination with our probate and trust creation teams for seamless estate transitions

Flat-fee or hourly plans tailored to estate complexity and family needs

Consult → Plan → Administer

  • 1. Consult

    Meet with our attorneys to review the trust, clarify goals, and outline immediate duties.

  • 2. Plan

    We build a customized timeline for asset inventory, creditor notices, and beneficiary communication.

  • Administer

    Field Law handles record-keeping, tax returns, and distributions while you focus on supporting your family.

Key Duties We Handle

From collecting real-estate deeds to issuing annual accountings, we take care of the paperwork that protects you from personal liability. If the estate also includes a pour-over will, our team coordinates with the probate process to ensure every asset lands in the right hands.

Minnesota Trust Administration Facts

Well-managed trusts can reduce estate taxes by up to 40 %. Fewer than 2 % of estates with properly administered trusts face court challenges, and trustees nationwide oversee more than $2 trillion in assets—proof that careful administration protects both wealth and family harmony.

FAQs

Your legal questions, answered.

  • What are my first steps after the grantor’s death?

    Secure original documents, order death certificates, and schedule a meeting with our firm to review the trust and legal deadlines.

  • What accounting standards must I follow?

    Minnesota requires trustees to keep detailed ledgers of income, expenses, and distributions. We provide templates and handle annual reports.

  • How are trustee fees calculated?

    Fees may be set by the trust document or billed at reasonable hourly rates. We explain options and help you document compensation.

  • What if beneficiaries dispute my decisions?

    We mediate conflicts, clarify trust language, and, if needed, seek court guidance to protect you against liability.

  • How do I terminate a trust when duties are complete?

    Once all assets are distributed and taxes paid, we file a final accounting and release from liability, then draft closing letters for beneficiaries.

Get Started Today

Whether you're administering farmland in Anoka, managing investment accounts in Andover, or settling a family cabin near Coon Rapids, Field Law delivers the same thoughtful, personalized service across Anoka County and beyond. Our trust administration team is here to simplify every step—virtually or in person—from your first question to final distribution. Schedule an appointment today and let us help you navigate your responsibilities with confidence.