Trust Administration

A trust provides the authority and instructions for the Trustee to manage the assets held in that trust for the benefit of 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:

• 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
• Accounting and record keeping
• Keeping beneficiaries informed
• Avoiding conflicts, especially between family members
• Protecting against litigation