There are many different types of trusts, but what almost all of them have in common is this: the administration process can be extremely complex and carries with it a wide range of duties and responsibilities. These include statutory notice requirements, the prompt payment of expenses, distributing assets to heirs in the manner dictated by the trust, and many more. In addition, failure to properly administer a trust can have serious financial consequences for the trustee. Needless to say, the decision to serve as trustee is an important one and should only be taken with a thorough understanding of the duties and risks involved.
At the Oakley Law Group, we have the experience necessary to make the trust administration process as efficient and stress-free as possible. We will work closely with executors, personal representatives and other fiduciaries to ensure the directives of the trust are carried out to the letter. We can also help you understand the risks and guide you through the process if you decide to act as trustee, or help you select an appropriate trustee if you do not wish to take on the responsibility yourself.