A living trust is a legal document that, just like a will, contains instructions for what an individual wants to happen to their assets when they die.

But unlike a will, a living trust can avoid probate at death, control all of one’s assets, and prevent the court from controlling one’s assets if an individual becomes incapacitated or dies.

When an individual with trust planning dies, the primary goal is to carry out the wishes of the deceased while taking advantage of the opportunities for short and long-term savings in income, property, and estate taxes in order to transfer the most wealth to the decedent’s beneficiaries.

The more prepared individuals are to take on the role of trustee, the more comfortable and successful they will be in fulfilling their responsibilities.

For this reason, our living trust attorneys are always available to assist our clients and their family members in understanding the trust administration process in order to better prepare for the future.

Trust Dovetail to Assist and Guide You

After a loved one dies or becomes disabled, our living trust attorneys can assist and guide successor trustees in carrying out their duties by:

Educating

Educating trustees on their duties and responsibilities under the law.

Assisting

Assisting with the division of an administrative trust into separate trusts for beneficiaries.

Accounting

Preparing accounting’s for beneficiaries.

Coordinating

Coordinating with other professional advisors on tax, investment and insurance issues.

Directing

Directing preparation of income, trust and estate tax returns.

Obtaining

Obtaining appraised values for the trust assets.

Transferring

Preparing documents transferring asset titles to the successor trustee or the named beneficiaries.

Preparing

Preparing the trust
inventory.

Negotiating

Dealing with debts and creditors’ claims.

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Have Questions?

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