Fouts Law Group, LLC is here to help both trustees and beneficiaries with trust administration. Through the trust administration process, we can help you determine how and when you will inherit, whether or not that inheritance is protected, and if a trust administrator has the capability of fulfilling their legal duty. This is an important process that should be undertaken with sound legal advice.
If you are involved in the trust administration process, we can assist you. Call our office at (678) 242-8344 to talk with a Roswell trust administration attorney. We can help you understand the process by answering any questions you have, including:
- What is trust administration?
- Do I need help with trust administration?
- How can a trust administration attorney assist me?
What Is Trust Administration?
When a person who creates a trust passes away, the trust administration process begins. The person who has passed left instructions for the handling of their property that need to be followed. The trust administration process ensures that after the property and assets are passed on, they are used the way in which they were intended.
A trust administrator is the person who conducts this process. The court is not typically involved in trust administration. A trust document clearly outlines the final wishes of the decedent, and the named person will carry out those wishes.
The trust administrator will take care of all assets and tax filings throughout this process. They will ensure that property and assets are distributed appropriately. This person may be responsible for having deeds transferred and paying property taxes, or making sure that those taxes are paid by a specified party.
When the trust administration process has closed, all beneficiaries named in the trust or will are the legal owners of the assets or properties left to them. Legal matters surrounding the trust are considered settled.
Do I Need Help With Trust Administration?
A trust administrator has fiduciary duty, which is the highest duty under law. Any person who is named as a trust administrator should understand their legal duties. This means that the person should have a complete understanding of the trust documents that have been left behind. If a beneficiary does not receive the property or assets left to them, the trust administrator can be held legally liable. It is a responsibility that comes with legal requirements. A trust administration attorney can ensure those requirements are followed.
Beneficiaries can also utilize the assistance of a trust administration attorney. As a beneficiary, you want to be sure that you are receiving the property you are entitled to. You do not want to lose your inheritance because of someone’s inactions or misdeeds. You want to be sure that the person handling the trust is doing so with your interests in mind.
You have the right, as a beneficiary, to have advice and guidance from an experienced trust administration attorney. A Roswell trust administration attorney can help ensure that you receive your inheritance and assist you in taking legal action if you need to.
In some cases, a family member may feel as though a trust needs to be contested. This can be a complicated process. Let a trust administration attorney guide you through it.
How Can a Trust Administration Attorney Assist Me?
Fouts Law Group, LLC know that the trust administration process can be complex. We can help you fulfill your role as a trust administrator, and we can help those who wish to contest a trust. Call our office at (678) 242-8344 or reach out to us online to learn more about how a Roswell trust administration attorney can help you.