Having a trust included in your estate plan can be highly beneficial, as this inclusion can allow for the assets in the trust to be distributed immediately, rather than through the default method - a lengthy and costly probate process. Trusts can provide tax benefits to an estate, help ensure the privacy of the family, and control the way the property is distributed, such as when children reach a certain age or when specific events occur, such as graduation or marriage.
There are a number of different types of trusts, including:
When an estate includes a trust, there are a number of specific steps involved in the administration of that trust. The knowledgeable trust administration attorneys at White and Bright, LLP are able to assist trustees throughout the entire administration process in order to ensure that all legal requirements are met.
Our trust administration attorneys are committed to helping trustees navigate the complex process of administering the trust. Our services include:
Because there are many different types of trusts, the precise steps involved in administering each trust depend significantly on the specific circumstances. In some cases, the process can be fairly complex. Our trust administration attorneys have experience administering trusts of all complexities. We understand the importance of ensuring that all necessary steps in trust administration are achieved correctly and with the requisite attention to detail.
We welcome you to contact us to schedule a consultation and learn more about our trust administration services.