When a person dies or becomes incapacitated, successor trustees are required to take over and follow the directions created in the trust. The process of trust administration can be complicated and confusing. So frequently the trustee will seek out a qualified trust administration attorney to help manage the process.
An experienced legal team will help remove the stress, confusion and mitigate mistakes that commonly occur when carrying out the wishes of a trust.
Our team of attorneys at Voeller Law Firm in San Antonio, TX, are well-versed and familiar with the trust administration process. The management of a trust requires meticulous attention to detail and a comprehensive knowledge of the law. The assistance of an attorney to review the trust and determine the correct method to proceed can be invaluable.
The Multiple Responsibilities of Trust Administration
After a death, the trustee is responsible for executing the estate. Trust administration responsibilities are generally extensive, which is why the assistance of an attorney can help.
These responsibilities include:
- a careful reading and interpretation of the trust
- defining the duties of the trustee
- notice to interested parties and governmental entities of the death
- identifying and satisfying all creditors
- management and liquidation of assets
- filing income and estate tax returns
- distributing and holding of property in trust for the next generation of beneficiaries identified in the trust
- appraisal of assets of the trust
- distribution of the assets to the beneficiaries
- generally winding up the affairs of the person who has passed away
Supporting All Involved Parties
Lawyers at the Voeller Law Firm work closely with families to navigate the probate and trust administration process in a timely and efficient manner.
We provide quality legal representation to trustees so they can comply with Texas laws and properly distribute the estate.
We will also help beneficiaries who believe their trustee is not fulfilling his or her legal responsibilities or is abusing his or her powers.
More than Planning
Our Voeller Law Office will not only draft your estate plan but will immediately help you in the administration of the trust following the death of a trustor. Our skilled legal experts will guide you from creating the initial trust through the dissolution of the final trust.
Whether you are a beneficiary or a trustee, our experienced trust administration attorneys will help you assert your rights and ensure that your financial interests are protected.
Call us today at the Voeller Law Firm to schedule a free consultation at (210) 651-3851 and put our 35 years of experience to work for you.