Developing a comprehensive estate plan often includes the execution of trusts. Administration of the trust becomes necessary after the death of a loved one. If assets were inadvertently or purposefully not transferred to a trust before death, a probate or estate administration may also be required after the death. Some form of administration is almost always required even if the other spouse is still alive. Trust administration like estate administration is needed to assure debts and taxes are paid, title to assets is cleared, and ongoing arrangements for the spouse, children or other beneficiaries are affected.
Providing quality legal support to clients with trusts
At the Law Offices of Yacoba Ann Feldman, we provide experienced trust administration for our clients. With over 35 years of experience, our firm provides effective and ardent legal services regarding trust administration. If you would like to discuss allowing our firm to act on your behalf when the time comes, contact our firm for a complimentary consultation.
Our San Fernando Valley trust administration services
Our firm appreciates the importance of the wishes and desires of those who set up trusts for the benefit of others. When you cannot act for yourself, we will assist those whom you have entrusted with those wishes to follow and execute them properly. If you are a beneficiary of trust, you may have questions as to what you are entitled to receive and when. We can assist you to get those answers. Sometimes the administration process seems to be stalled or decisions need to be made whether a trust should continue, be dissolved, or assets rolled into a new trust. We can assist with these tasks in the timely, efficient manner you deserve. Our firm is thorough and effective. We utilize a comprehensive understanding of applicable laws to provide the quality legal support our clients expect coupled with an unwavering dedication to excellent client service.
Our services include:
- Providing notifications to government agencies and others as required by law
- Information about required tax filings
- Negotiating with and paying creditors
- Marshaling assets and obtaining appraisals
- Sale of assets
- Distributions to beneficiaries
- Accountings — formal or informal
- Monitoring trust terms to make sure assets are paid out on time
- Keeping track of contingencies or other provisions
Trust administration can be a complicated legal matter. Not all duties of the trustee are apparent from reading the trust documents. Working with a reputable estate planning lawyer can give you peace of mind that you as the trustee are appropriate discharging your responsibilities or that you as a beneficiary will receive that to which you are entitled.
Contact A Trust Administration Attorney
For assistance with trust administration, turn to the Law Offices of Yacoba Ann Feldman. With over 35 years of experience, our firm is ready to guide trustees through the process of being a trustee and assist beneficiaries to know their rights and assert same when reasonably necessary to do so. If you need an effective trust administration attorney that cares about your needs, contact The Law Offices of Yacoba Ann Feldman for a consultation.