Trust administration

Trust administration

A legal trust is created when an individual referred to as the “settlor” entrusts the care of his or her assets to another person(s) referred to as the “trustee(s).” The job of the trustee is to manage these assets for the trust’s beneficiaries in accordance with the settlor’s instructions.

Our experienced trust attorneys at Law & Stein understand what an important role this is. We have the legal experience to understand all the ramifications, and the empathy to help you make the best choices

Trusts are created for several reasons — to protect assets, to dispose of an estate, to ensure that assets are used for a specific purpose such as the continued care of a special needs or disabled individual or for tax planning.

Trust administration usually begins upon the death of the settlor and can be a complicated process. At Law and Stein, LLP, we have extensive experience in administering all types of trusts and can assist the trustee with any legal decisions that are involved in settling the trust.

Because we are also well versed in tax and estate planning, we can explain how each portion of the trust operates, and what your options are.