Attorneys in Branson, Missouri
Legal Services to Clients Managing Trusts
Once a grantor establishes a trust, either he or a trustworthy fiduciary must act as trustee for the trust assets. When the grantor dies, a trustee named in the trust documents must act as administrator, seeing to necessary tasks according to state law and the terms of the trust. Trust administration requires careful attention to each detail of the grantor’s wishes, as well as sound legal advice to avoid missteps for which a trustee can be held personally liable. Attorneys at Cantwell, Smith & Trokey, LLP act as administrators and provide reliable legal guidance to trust administrators. They have ample experience in both rolls on a wide variety of trusts, including:
Credit shelter trusts (CST)
Qualified Terminable Interest Property (QTIP) trusts
Qualified Personal Residence Trust (QPRT )
Charitable remainder trusts
Irrevocable life insurance trusts
The attorneys at Cantwell, Smith & Trokey, LLP provide highly ethical and reliable administration services to a variety of trusts, maintaining the fiscal strength of these entities to serve beneficiaries through the intended life of the trust.
Meticulous Administrative Services
When you work with the firm, you will see attorneys who will provide advice to administrators and capably managed all duties related to trust administration, including:
Communication with beneficiaries
Investment of assets
Management of assets, including real property
Collection from debtors and payment of creditors
Preparation of accountings
Preparation of tax returns
Distributions to beneficiaries
In the exercise of these duties, an attorney at the firm will proceed in good faith according to state law and the grantor’s desires as expressed in the trust’s documents.
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Sound Advice to Trustees
A trustee can be personally liable for mistakes or omissions that result in losses for the trust. An attorney can offer sound advice to trustees to ensure accurate and complete compliance with all aspects of trust administration. If you have been named a trustee, you should retain professional assistance from a trustworthy source.
Contact a Reliable Source for Trust Administration Legal Services
To schedule a consultation with Cantwell, Smith & Trokey, LLP, call the Branson, Missouri office or contact the firm online.