Trust and Trust Administration
Trusts can be useful legal tools as there are various trust types that can serve a variety of purposes. With a trust, a grantor transfers ownership of certain assets to the trust. The appointed trustee then manages the trusts for the benefit of the beneficiaries according to the trust document. While this describes the basic creation of a trust, there are details of a trust which give it great flexibility of purpose and benefits. You can create a spendthrift trust structured in a way that provides for a loved one without the risk of it being quickly spent away or lost to creditor claims. You can create a special needs trust to provide for a loved one with special needs without jeopardizing his or her continued receipt of critical government benefits. Our firm can assist you in establishing a trust that meets and protects your goals and needs.
Furthermore, our firm can assist in the trust administration process. We can assist and guide trustees in the management of trust property in accordance with the trust terms. The trust administration involves specific steps that must be taken and we can help facilitate this process. From helping to ensure beneficiaries are properly notified of the administration, to overseeing the proper transfer and distribution of trust funds and holdings, we are here to help.