Estate & Trust Administration
Understanding the Trustee’s Responsibilities
Serving as a trustee involves far more than distributing assets to beneficiaries. Trustees are responsible for gathering trust assets, communicating with beneficiaries, maintaining accurate financial records, paying outstanding debts and taxes, and ensuring the trust is administered according to its terms. Mistakes during trust administration can create unnecessary delays, disputes, and personal liability for trustees.
At Buckley Law, we guide trustees throughout the administration process, helping them understand their legal obligations while ensuring trust assets are properly managed and distributed. Whether you have recently become a trustee or are navigating a complex family trust, our team can provide practical guidance tailored to your specific situation.
Articles
“Portability” of the Federal Estate Tax Exemption – What does it Mean?
With the political and economic climate as it is in the summer of 2008, we are not likely to see total repeal of the federal estate tax in the foreseeable future. However, both Republican and Democratic Presidential candidates support estate tax reform. Realistically,...
