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Trust Administration

Your Partner in Trust Administration

Being a trustee is often a thankless job, but it doesn’t have to be a lonely one. With Kiselstein Franckowiak Law Group by your side, you gain a partner dedicated to protecting your interests and those of the beneficiaries. We’ll provide the expertise, clarity, and support you need to administer the trust with confidence, assuring a smooth and successful process from start to finish.

Professional Trust Administration Support You Can Rely On

Serving as a trustee is a significant responsibility that is often paired with an emotional factor if you were close to the grantor. It requires knowing your duties regarding your loved one’s estate and any conditions in place while paying careful attention to legal compliance to avoid probate court or lawsuits.

Navigating the intricacies of trust administration can feel overwhelming, especially when dealing with debts, taxes, financial institutions, or challenging family dynamics. It’s vital to have a law firm by your side to walk you through the process in a clear and concise manner. At Kiselstein Franckowiak Law Group, we understand the weight of this responsibility and are here to help guide you every step of the way and make your job as easy as possible.

The Multifaceted Role of a Trustee

Your role as a trustee and all that comes with it can be intricate. You must serve in an official capacity bound by fiduciary duty to act prudently and responsibly. Timeliness, communication and compliance are key as you navigate the many steps that you will need to take to settle the affairs of the estate. Some of a trustee’s duties can include:
  • Communicating with beneficiaries to keep them informed and involved
  • Managing funeral arrangements with sensitivity and care
  • Working with multiple financial institutions with specific requirements
  • Filing taxes and documents to comply with legal obligations
  • Settling outstanding debts to protect the integrity of the estate
  • Expediting the sale of assets like real estate or stock while ensuring fair market value
  • Distributing assets according to the trust’s terms
Each of these responsibilities requires not only meticulous attention to detail but a deep understanding of the legal framework governing trusts. Kiselstein Franckowiak Law Group is here to guide you through this process with precision.

Trustee Challenges

Administering a trust is not just about following a set of instructions, it’s about managing complex financial transactions, making critical decisions under pressure, and sometimes, mediating between family members. Challenges like market fluctuations, emotional attachments to assets, or disputes among beneficiaries can complicate the process. We’re committed to making your role as trustee as smooth and straightforward as possible. We’ll assist you through:
  • Guidance as you execute your role as trustee
  • Communicating effectively with beneficiaries to maintain transparency and trust
  • Providing each beneficiary with a copy of the trust, an inventory, and trust accounting
  • Balancing investments to protect the trust’s value and minimize risk
  • Resolving disputes and preventing conflicts through proactive legal strategies
  • Answering your legal and compliance questions to reduce your risk of lawsuits
Our goal is to shoulder the legal burden, so you can focus on honoring the trust and the wishes of the grantor.

We're Ready to Assist You

Managing the responsibilities of a trustee doesn’t have to be overwhelming. Let’s discuss how we can support you.

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