Trust Administration can be an overwhelming and paralyzing responsibility especially since you have just lost someone close to you. Maybe you lost a spouse, a parent, or a close friend. This special someone named you as the successor trustee of his or her trust. You are now faced with the daunting task of administering the instructions found in the trust document after his or her death. You are overwhelmed with the complexity of trying to comply with state law, preserving the federal tax exclusion amount, and changing the title to assets.
The team at Alley Law will steer you through the treacherous waters of trust administration so that you faithfully fulfill your legal responsibilities as successor trustee.
Alley Law’s trust administration counsel includes, but is not limited to:
- Review of Trust Documents
- Titling of Assets
- Fulfillment of Notice Requirements to Beneficiaries
- Preparation of Statutory Accountings
- Advice regarding Distribution of Assets and Property
- Filing of Income and Estate Tax Returns