Trust Administration

If a loved one named you as the successor trustee in their trust, you may have questions about your duties and powers.  Each trust is different, so a close inspection of the trust document and a deep understanding of the various laws governing trusts are critical. 

In cases where assets are tied up in a trust that no longer meets their needs, clients often need help with the following:

  • Asset transfers and/or trust liquidation
  • Modification of irrevocable trusts
  • Termination of irrevocable trusts
  • Settlement agreements to resolve or proactively address conflict
  • Replacement of trustees

Trust administration work is usually done at an hourly rate of $300 per hour.  Under some circumstances, a flat fee is possible.