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