If a loved one named you as the successor trustee in their trust, you may have questions about your duties and powers. Each trust is different, so a close inspection of the trust document and a deep understanding of the various laws governing trusts are critical.
In cases where assets are tied up in a trust that no longer meets their needs, clients often need help with the following:
- Asset transfers and/or trust liquidation
- Modification of irrevocable trusts
- Termination of irrevocable trusts
- Settlement agreements to resolve or proactively address conflict
- Replacement of trustees
Trust administration work is usually done at an hourly rate. Under some circumstances, a flat fee is possible.
Trust Administration