Trust Administration in Louisville, KY

Guidance for Trustees and Beneficiaries

Trust administration in Louisville, KY involves real duties and deadlines-often landing on a spouse, adult child, or close friend who never expected to be "the trustee." Cochran Gersh Law Office helps trustees and beneficiaries across Jefferson County, St. Matthews, Middletown, the Highlands, and Prospect understand what to do first, what can wait, and how to keep everything on track.

What Trust Administration Includes

Steps that move your trust forward

From gathering documents to final distribution, we guide you through each stage: notifying beneficiaries, marshaling assets, obtaining a trust tax ID, retitling accounts, paying valid debts, preparing accountings, and making distributions under the trust terms. We handle the details so day-to-day life in Crescent Hill, Lyndon, or near Hurstbourne Parkway can continue without added stress.

Trustee Duties Under Kentucky Law

Understanding trustee duties in Kentucky

Trustees owe fiduciary duties: loyalty, prudence, impartiality, and the duty to inform. That means acting for all beneficiaries, keeping records, and investing prudently. If the trust came from a revocable living trust that became irrevocable at death, the standard is the same-you must follow the terms, not family pressure.

Accounting, Reporting, and Communication

Trust accounting and beneficiary communication

Clear reports prevent confusion. We set up an accounting rhythm-often quarterly summaries plus an annual report-showing receipts, expenses, fees, and distributions. We also help organize documents for beneficiaries and tax professionals so filings are timely and accurate across Louisville and Oldham County.

Disputes and Beneficiary Rights

Resolving trust disputes with less drama

Questions about valuations, timing, or perceived favoritism can flare fast. We mediate where possible and explain beneficiary rights, then pursue formal remedies only when needed. If a dispute overlaps with probate assets, we coordinate with our probate administration team to keep matters moving.