Trust Administration Overview

Trust Administration

We regularly represent the trustee of a trust. Trustees are responsible for dealing with creditors, valuing assets, filing income tax returns, estate tax returns, and real property-related returns, marshaling and managing trust assets, selling assets such as stock, real property and businesses, resolving disputes relating to ambiguities in the trust, resolving disputes between beneficiaries, and distributing assets to the beneficiaries. The trustee’s job can be difficult and contentious, and can expose the trustee to liability. We will help you avoid the difficulty, contentiousness and liability. Even a simple trust administration has its legal requirements, and we stand prepared to advise you about those and guide you through the process.