Trust Administration

[vc_row padding_bottom=”0″][vc_column][vc_column_text]Typically, there is not a lot of administration for our clients’ trust while they are alive. However, when the grantor/settlor/trustor (the person who creates the trust) passes away, there are many things that needs to happen.  With a typical revocable trust, the grantor’s social security is used as the Trust’s tax ID number.  When the grantor dies, the trust will need to get a new tax ID number.  Sometimes trust assets will need to be retitled in the name of sub trusts per the trust document.  A successor trustee will need to accept trusteeship.  This can just be the tip of the iceberg when administrating a trust after the grantor passes away.

All trustees have a fiduciary obligation to act in the best interests of the beneficiaries.  Therefore, the trustee must make sure to take inventory of trust assets, invest trust assets in a prudent manor, and provide accountings to the beneficiaries of the trust.  These are typically done with the guidance from an attorney.  Our job as trust attorneys is to help our clients follow the terms of the trust and the laws that govern their actions as a trustee.  [/vc_column_text][/vc_column][/vc_row][vc_row padding_bottom=”0″ post_type=”post” max_items=”4″ style=”all” items_per_page=”10″ show_filter=”” element_width=”3″ gap=”30″ orderby=”date” order=”DESC” filter_style=”default” filter_default_title=”All” filter_align=”center” filter_color=”grey” filter_size=”md” arrows_design=”none” arrows_position=”inside” arrows_color=”blue” paging_design=”radio_dots” paging_color=”grey” loop=”” autoplay=”-1″ item=”masonryGrid_Default” initial_loading_animation=”fadeIn” button_style=”” button_color=”” button_size=”” btn_title=”Load more” btn_style=”flat” btn_gradient_color_1=”turquoise” btn_gradient_color_2=”blue” btn_gradient_custom_color_1=”#dd3333″ btn_gradient_custom_color_2=”#eeee22″ btn_gradient_text_color=”#ffffff” btn_custom_background=”#ededed” btn_custom_text=”#666″ btn_outline_custom_color=”#666″ btn_outline_custom_hover_background=”#666″ btn_outline_custom_hover_text=”#fff” btn_shape=”rounded” btn_color=”blue” btn_size=”md” btn_align=”inline” btn_button_block=”” btn_add_icon=”” btn_i_align=”left” btn_i_type=”fontawesome” btn_i_icon_fontawesome=”fa fa-adjust” btn_i_icon_openiconic=”vc-oi vc-oi-dial” btn_i_icon_typicons=”typcn typcn-adjust-brightness” btn_i_icon_entypo=”entypo-icon entypo-icon-note” btn_i_icon_linecons=”vc_li vc_li-heart” btn_i_icon_monosocial=”vc-mono vc-mono-fivehundredpx” btn_i_icon_material=”vc-material vc-material-cake” btn_i_icon_pixelicons=”vc_pixel_icon vc_pixel_icon-alert” btn_custom_onclick=”” grid_id=”vc_gid:1561747637073-3e79eca331d1c39fdd7252ee207a6cc1-6″ taxonomies=”26″ el_class=”practice-areas-feed” css=”.vc_custom_1561747843719{background-color: #ffffff !important;}” include=”” custom_query=”” meta_key=”” offset=”” exclude=”” filter_source=”category” exclude_filter=”” paging_animation_in=”” paging_animation_out=”” el_id=”” btn_el_id=”” btn_custom_onclick_code=””][vc_column][vc_basic_grid post_type=”post” max_items=”4″ element_width=”3″ item=”masonryGrid_Default” grid_id=”vc_gid:1683643838575-8bf4b6e0-a3ea-6″ taxonomies=”128″ el_class=”practice-areas-feed” css=”.vc_custom_1561748636883{background-color: #ffffff !important;}”][/vc_column][/vc_row][vc_row padding_top=”0″ padding_bottom=”0″][vc_column][vc_column_text]

Planning Ahead

Estate tax issues are complicated and confusing, which is why too many people put off planning for them. Some people also mistakenly believe that there’s no point in planning for estate tax because they’re unavoidable, However, it is possible to minimize estate taxes through proper planning.

Don’t make those mistakes. Tackle estate tax planning now to save your loved ones from dealing with it when you’re gone, and to maximize their inheritance.

Ladimer Law can help. Estate tax laws are complex and our lawyers can help walk you through how these laws affect your estate. We’ll work with you to determine your taxable estate, and with a full picture of your assets, our attorneys can recommend tools to reduce or even eliminate your estate tax liability.[/vc_column_text][/vc_column][/vc_row][vc_row padding_top=”0″ padding_bottom=”0″][vc_column][vc_column_text]

Service Offerings: 

  • Credit Shelter Trusts
  • Irrevocable Life Insurance Trusts
  • Charitable Remainder Trusts
  • Gift Giving
  • Charitable Giving

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