Trust Administration
The Importance of Sound Guidance on Trust Administration
If you have been named as a trustee of a trust, you should obtain legal advice regarding your duties as trustee. A trustee can be personally liable for mistakes or omissions that result in losses for the trust. The attorneys at Drew Law, P.C. offer knowledgeable and reliable advice to trustees to ensure accurate and complete compliance with all aspects of trust administration.
Experience in a Wide Variety of Trusts
Trust administration requires careful attention to each detail of the donor's wishes. Our lawyers assist clients with the administration of a wide variety of trusts, including:
- Credit Shelter Trusts
- Marital Trusts
- Living Trusts
- Generation-Skipping Trusts
- Qualified Terminal Interest Property Trusts (QTIP)
- Charitable Lead and Remainder Trusts
- Irrevocable Life Insurance Trusts
- Special Needs Trusts
- Grantor Retained Annuity and Income Trusts
Administrative Services
A focus of our practice is advising trustees regarding their duties, including:
- Management of assets
- Preparation of accountings
- Preparation of tax returns
- Distributions to beneficiaries