Once a grantor establishes a trust, either he or a trustworthy fiduciary must act as trustee for the trust assets. When the grantor dies, a trustee named in the trust documents must act as administrator, seeing to necessary tasks according to state law and the terms of the trust. Trust administration requires careful attention to each detail of the grantor’s wishes, as well as sound legal advice to avoid missteps for which a trustee can be held personally liable. Attorneys at Bailey Law, PLC act as administrators and provide reliable legal guidance to trust administrators. We have ample experience in both rolls on a wide variety of trusts, including:
The attorneys at Bailey Law, PLC provide highly ethical and reliable administration services to a variety of trusts, maintaining the fiscal strength of these entities to serve beneficiaries through the intended life of the trust.
Our attorneys have provided advice to administrators and capably managed all duties related to trust administration, including:
In the exercise of these duties, we proceed in good faith according to state law and the grantor’s desires as expressed in the trust’s documents.
A trustee can be personally liable for mistakes or omissions that result in losses for the trust. We offer sound advice to trustees to ensure accurate and complete compliance with all aspects of trust administration. If you have been named a trustee, we strongly recommend that you retain professional assistance from a trustworthy source.