Burbank Trust Administration Attorney
Toluca Lake & Glendale Uncontested Trust Administration Lawyer
Trust administration requires a great deal of knowledge about many different
financial and procedural aspects pertaining to estate law. To administer
a trust well, that individual needs to know about, not only trusts, but
estate planning, probate law, estate taxes, fiduciary income taxes as well as state and
federal tax law. A
Burbank real estate, probate, wills and trusts attorney may be able to help you with uncontested trust administration and all
that it involves.
Shelley Rios, Attorney at Law is dedicated to helping clients come
to a full understanding on their responsibilities and duties as a trust
administrator and make sure that he or she is covered when it comes to
The administrative responsibilities for a
living trust go to a successor trustee in the event of the settlor's (creator of
the trust) death. The duties of the successor trustee as the trust administer
include a great deal of accounting for the estate including inventory
and appraisals, a Notice to Beneficiaries, state and federal tax assessment,
fiduciary income taxes and estate taxes if applicable. It is absolutely
crucial that the trust administer keeps all records and fiduciary duties
well documented and up to date at all times.
How a Burbank Trust Administration Attorney Can Help
Because a trust administrator may be dealing with many beneficiaries and
there are so many things to keep track of, it is wise to have the help
of a Burbank trust administration lawyer familiar with this area of probate
law. If any mistakes are made or if there is any slightest hint of mismanagement,
whether intentional or not, you can be held liable and culpable for any
losses to the estate or tax penalties due to mismanagement. An attorney
with the firm has helped clients prevent such actions by ensuring proper
administration occurs in uncontested cases. Trust administrators should
always have the legal support of an attorney skilled in estate planning
and probate law.
to speak with a Burbank trust administration attorney with the firm about
the legal aspects of trust management today.