Settlement of the trust estate may include valuation of assets under current IRS rules, establishing a new basis for assets receiving a stepped-up basis, probate (if necessary), preparation and filing of a Federal Estate Tax return (Form 706) if required, implementation of your Federal Estate Tax plan, distribution of assets according to the terms of the trust, advice concerning your fiduciary responsibilities as a trustee, and an update of your estate plan as necessary to meet changing needs and those of your family within the guidelines of the trust if you are a surviving spouse.