When a person dies, their assets will be managed and transferred to heirs, beneficiaries and creditors through a process called estate administration. If the deceased person (decedent) had prepared an estate plan with a living trust, then court involvement, or probate, can often be avoided, and the process is called trust administration. (Learn more about Probate here.)
However, probate is sometimes required even with a living trust, because the decedent neglected to retitle property into the Trust, called trust funding. In fact, we find that this occurs very frequently. This is why we are committed to helping our clients with trust funding after we work with them to create an estate plan.