Estate & Trust Administration
All clients have one thing in common – they want to make sure that their wishes are followed once they are memorialized on paper in either a Last Will and Testament (“Will”) or Trust Agreement. A Will is administered via probate and only after death, but a Trust can be created during and administered during one’s lifetime. The Trustee of a Trust has a fiduciary duty and it is advisable that an attorney represent a Trustee in carrying out his or her duties under a Trust.
Laura Lavie, Esq. has nearly two decades of legal experience in the area of trust administration representing both Trustees and Beneficiaries.
Common issues arising in Estate and Trust Administration include:
- Provide Notices to Beneficiaries
- Prepare Disclaimers
- Identify estate and generation skipping taxes
- Prepare Accountings
- Identify Income Tax earned from Estate or Trust Assets
- Trust Distributions
- Trustee Resignation