Trust Administration

Informative and compassionate from start to finish.

Although Trusts can be a great benefit for probate avoidance, considerable time and money may be wasted on administration. Since most trusts provide for the payment of attorney fees from trust assets, there’s no need to navigate the complex requirements of trust administration alone. The Law Office of David Watson, LLC offers expert counsel the entire way to help ease the burden and confusion of trust administration.

Guiding trustees through legal responsibilities.

Trustees owe fiduciary duties to their beneficiaries and ignorance of the law will not excuse trustee misconduct or mismanagement. It can be an overwhelming task to administer a trust in the midst of grieving the loss of a loved one. Attorney David Watson helps trustees carry out legal responsibilities answering common questions along the way:

  • Can I pay expenses with trust funds?
  • What items can I give away?
  • How do I provide notice to creditors?
  • How do I get a tax ID number?
  • When and how should distributions be made?
  • How do I prepare an inventory of trust assets?
  • What do I need to account to beneficiaries for?
  • How do I close the trust?
  • Is there liability after the trust is closed?

Here to help.

If you are a trustee and looking for guidance in trust administration, contact The Law Office of David Watson, LLC online or at 414-491-3283.