Trust Administration

A trust is a powerful legal document that can help ensure an individual’s assets are distributed according to their wishes. When administered appropriately, a trust can effectively manage, distribute and preserve wealth.

The experienced trust administration attorneys at Barulich Dugoni Suttmann & Cummins Law Group, Inc. can help ensure seamless trust execution that respects the trustor’s wishes while guiding the beneficiaries.

What Is Trust and Estate Administration?

Estate planning is a multifaceted legal process that allows individuals to safeguard their assets. A trust is a legal contract that allows someone to exercise more precise control over the distribution of their property. It takes effect during the trustor’s life, unlike a last will, which takes effect after a decedent’s passing and subjects the estate to probate procedures. Trusts can provide instructions on how to distribute property to beneficiaries both during and after the trustor’s life.

When an individual creates a trust, they lay out clear guidelines about who their beneficiaries will be, when they will receive assets and under what conditions. They also provide privacy in the distribution of assets by bypassing the need for probate.

Trust administration considers the terms laid out in a trust and ensures the instructions are carried out appropriately. The trustee, who is responsible for trust administration, looks out for the beneficiaries’ best interests and guides them on how to receive their intended benefits as outlined by the trust.

A living trust is a common form of trust in which the trustor names themselves as the trustee so they can manage the trust until they become incapacitated. In this arrangement, a successor trustee is named. This individual can be a third party close to the trustor or a professional fiduciary like an attorney.

How a Trust Administration Attorney Can Help

As your trust administration lawyers, Barulich Dugoni Suttmann & Cummins Law Group, Inc. can help ensure every aspect of the trust operates smoothly and as intended by the trustor. We provide extensive expertise in estate planning law and a wide variety of legal services to manage and carry out the terms of the trust, including:

Trust planning: We help create legal documents that outline how assets will be managed and transferred.
Oversight: Acting in the best interest of the beneficiaries, we can oversee assets, monitor investments and keep an accurate catalog of all transactions involved with trust assets.
Distribution: Trust distributions may be time-specific, such as when a beneficiary reaches a particular age, or they may outline certain conditions. Distributions may also require decisions regarding the liquidation of assets. Our team provides complete adherence as we distribute assets, income or benefits according to the terms specified in the trust agreement.
Taxes and legal requirements: From dealing with tax implications to handling legal requirements and deadlines, we can help avoid costly and time-consuming financial or legal issues.

Why Choose Us as Your Trust Administration Lawyer?

Estate planning and administration require keen attention to detail, along with a comprehensive understanding of tax law and state statutes governing the creation and management of an estate plan.

Barulich Dugoni Suttmann & Cummins Law Group, Inc. works to protect your assets and the beneficiaries that will carry your wealth into the next generation. We provide estate planning and meticulous trust administration that seeks to understand the details of a trust agreement. With decades of experience in estate planning and trust administration, we work tirelessly to carry out the wishes of the trustor and mitigate risks that could block the goals of the trust.

Contact Our Law Group for Professional Trustee Services

Learn how the legal team at Barulich Dugoni Suttmann & Cummins Law Group, Inc. can help you, whether you are preparing a will or estate plan or need a professional trustee to oversee a trust arrangement. Contact us today to schedule a consultation so we can discuss your unique situation.