Credible Trust Administration Attorney Advising Rancho Palos Verdes, San Pedro & South Bay Clients
A trust is established to allow an individual, the trustee, to manage assets owned by the trust owner after their death. This is called trust administration. This designation lets the trustee control the previous estate owner’s financial matters, depending on the type and terms of the trust. For example, a trust administrator may be responsible for ensuring a certain amount of money is distributed to each grandchild every year after they reach the age of 35.
At Lane Law Group, Inc., we can help individuals who have been designated to administer a trust carry out their duties entirely and adequately.
Principled Trust Administration Help
If you’ve been named a successor trustee, it’s normal to feel a little overwhelmed and unsure of how to begin. Don’t worry though; you don’t have to figure this out on your own. Lane Law Group, Inc. has been providing reliable trust administration legal counsel to California clients for over 30 years. We can walk you through every step in plain language and answer any questions you may have. Our team will ensure that you satisfy all legal requirements, submit all required paperwork to the courts, and more.
Mitigating Personal Risk
It’s important to remember that any mistakes you make as a trust administrator can harm you personally. Because you are tasked with managing financial assets, missteps may be construed as criminal negligence. This is why we highly recommend retaining an estate planning attorney to protect yourself from personal liability. We’ll help you notify creditors and beneficiaries, and distribute inheritable assets.
Experience You Can Trust
If you choose Lane Law Group, Inc. as your trust administration partner, know that you have over 30 years of legal experience by your side. Attorney Byron R. Lane is passionate about his work and has helped countless families pass on their wealth from generation to generation. We are eager to do the same for you.