Offices in Fort Wayne, LaGrange and Warsaw
Trusts are among the most powerful tools in the estate planner’s toolbox and can accomplish a wide range of goals. Unfortunately, many people believe that once they have created a trust, it will just go into effect “automatically.” Untrue. Trusts must be properly executed, funded and administered to make sure that the trustmaker’s wishes are indeed carried out when the time comes.
At Beers Mallers Backs & Salin, LLP, many of our trust administration clients are also our estate planning clients. There are times, however, when an individual or family has a trust drafted by another attorney and asks us to manage its administration. In either case, we make this complex process as simple, efficient and stress-free as possible by handling every step of the administration process.
Given that failure to properly administer a trust can lead to serious legal and financial consequences for the trustee, the decision to serve in this capacity should never be taken lightly. If you have been asked to serve as trustee, we can explain the risks in clear language, without all the “legalese.” If you choose to accept the role of trustee, we can offer guidance and peace-of-mind that you’re taking the right steps in the proper sequence. We can also work closely with your existing personal representatives and other fiduciaries to ensure the directives of the trust are carried out. If you decide that you should not serve as your own trustee, we can help you select the appropriate person to manage the trust on your behalf.
Contact us today to schedule a consultation to discuss your particular situation. We know what you are going through at this difficult time and are here to assist you.
Attorneys – Fort Wayne:
Attorneys – LaGrange
Attorneys – Warsaw
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