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Understanding Trust Administration

Whether you establish a traditional trust or a living trust, there will be certain responsibilities and duties which must be performed by a trustee in the administration of the trust. Trust administration takes an extensive knowledge of trusts, estate planning, and in some cases, probate law. Attention to detail and a commitment to protecting your interests and rights are qualities you want from a trust administration attorney.

Trust Administration Duties

Some of the duties commonly performed by trustees as part of trust administration include: accounting, sending notices to beneficiaries, estate appraisal and inventory, filing income and estate taxes, and administering any sub-trusts. Should any trust disputes arise, the attorneys at the firm will be able to assist you with trust litigation.

If you need assistance with drafting trusts, determining how trusts will be funded, managing trusts or any other trust administration related issue, you would be smart to consult with a lawyer at the firm. Their attorneys will be able to answer your trust administration questions, review your specific situation, and help determine what services you require.

Contact Wollman, Gehrke & Solomon, P.A.

With over 60 years combined experience, the knowledgeable attorneys at the firm are dedicated to providing their clients with the care and attention they deserve. Their commitment to maintaining a high level of quality control, and protecting their clients' interests, is part of what earned the firm an AV-rating by Martindale-Hubbell Law Directory. Mr. Edward E. Wollman, a partner for the firm, also received recognition, for five consecutive years, as a Florida Super Lawyer, in the category of Estate Planning and Probate. The awards and accolades are simply a reflection of the quality of service the attorneys at the firm provide for their clients each and every day. If you or a loved one needs assistance with trust administration, contact the firm to discuss your situation and enlist knowledgeable legal counsel.

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