Trusts

 

Many estate plans include some kind of a trust that has a specific purpose, whether it is designed to avoid probate, provide for a minor child or person with a disability, protect assets from the cost of long-term care, or support a charitable purpose. Although these trusts generally do not need to undergo probate with the court, there are often formalities that are necessary to properly administer the trust.

The trustee often does not have the necessary time, resources or expertise required to administer the trust and may want or need trusted counsel to assist with contacting beneficiaries, managing, valuing and marshaling trust assets, paying creditors and final expenses, making distributions and preparing estate tax returns, in compliance with the terms of the trust. Trusts can include irrevocable trusts, revocable trusts, family trusts, living trusts, estate planning trusts, and probate trusts.

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