Trust Administration

A trust provides the authority and instructions for someone, the Trustee, to manage assets held in that trust for the benefit for a person or charitable organization, the Beneficiary.   The fiduciary duty of a Trustee is the highest legal duty imposed upon someone.  We assist Trustees in successfully navigating the complexities of their responsibilities.

Trustee responsibilities include:

• Retitling of assets
• Ensuring all proper tax returns are filed and other tax issues handled
• Dealing with creditors
• Proper distribution of assets to beneficiaries, including facilitating negotiations when necessary
• Completing all legal recording requirements
• Collecting lawful, reasonable fees
• Maintaining protection against litigation
• Accounting and record keeping
• Keeping beneficiaries informed
• Investing trust assets