When Someone With a Living Trust Dies - What Happens Next?

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00:00 When Trust Settlor/Grantor Dies
2:00 Three Parts to This Program
2:50 Typical Single-Person-Settlor Trust Administration
7:02 Trustee Must Understand the Trust Terms
9:20 Settlor's Power of Attorney No Longer Effect When Settlor Dies
10:09 Determine the Trust Assets
13:25 Determine Whether a Probate Necessary
17:41 Communication with Trust Beneficiaries
19:20 Tax Identification Number
20:28 Determine Income Tax or Estate Tax Liabilities
22:20 Pay Deceased Settlor's Bills and Debts
22:40 Manage Trust Assets Prior to Distribution
24:30 Trust Settlement Agreement
25:47 Trust Distributions to Trust Beneficiaries
28:28 Determine Whether Assets Go To Sub-Trusts
31:13 Married Couples When First Spouse Dies
32:13 Married Couple With Separate Trusts
33:20 Married Couple With Joint Trust
34:25 Does Joint Trust Require Split When First Spouse Dies?
41:42 You Should Be Well-Equipped To Make Informed Estate Decisions Now
44:00 Q&A