Phoenix Trust Administration Lawyer

Trust administration involves the management and distribution of trust property. Trust administration may include changing title to trust assets, paying off creditors, preparing tax returns, re-investment and leveraging of trusts assets, and ensuring compliance with state law.

At the Sun City West law offices of Taylor Law Firm, PLC, we can assist you with the trust administration process from start to finish. Phoenix trust administration lawyer Wayne H. Taylor will guide you every step of the way, ensuring that all the necessary details are attended to and all state and federal requirements are met.

Contact us today to find out more about how we can help you with trust administration matters. All initial consultations, with the exception of Medicaid consultations, are free. We offer reasonable fees.

What must be done to properly administer a trust?

There are numerous requirements a trustee must fulfill to properly administer a living trust, including:

• Notifying all beneficiaries of the trust
• Preparation of an inventory of the decedents assets and determination of fair market value
• Setting up a checking account and method of record keeping for purposes of disbursements and keeping accurate accounting records
• Payment of claims and administration expenses, including taxes, attorneys fees, etc.
• Tax matters, final income tax returns for the decedent, securing tax identification numbers
• Allocation of trust assets to beneficiaries or sub-trusts
• Transfer of non-trust assets

In addition, as a trustee you will have ongoing accounting and tax reporting responsibilities for the trust.

Make sure you have the knowledge and expertise needed to properly administer your loved ones' trust by working with our Phoenix trust estate attorney.

Contact us today to find out more about our trust administration services. All initial consultations, with the exception of Medicaid consultations, are free. We offer reasonable fees. Off-site appointments, including home and hospital visits, are available upon request.