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 & Cohen, 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