If you are the administrator of trust in Arizona, there is no room for error when you begin making decisions. This is particularly true in the days and weeks that follow the death of the principal of the trust. Incorrectly handling an estate or the terms of trust could leave the administrator vulnerable to liability and litigation, and these issues could drag out into a probate process.
At Yen Pilch Robaina & Kresin PLC, our team is here to help if you need a Phoenix trust administration attorney. We understand how the law works in these situations, and we are ready to get to work on your behalf.
Carrying out a trust’s objectives can be complicated. These tasks largely depend on the design of the trust and whether or not the individual or individuals who created the trust are currently living. During the creator’s lifetime, a revocable living trust in Phoenix is generally flexible and easy to administer. However, after the creator of a trust passes away, the assets will need to be liquidated and distributed or held in trust. When the creators of trust are no longer living, a third party will have to step in and carry out the provisions of the trust.
Families in Arizona are opting, now more than ever, to establish revocable living trusts to help dispose of their estate upon incapacity or death of the trust creators.
Revocable trusts can be useful when helping to:
- Minimize estate taxes
- Provide an orderly disposition of finances and property
- Avoid the costs or delays associated with probate court proceedings
Whether you are planning for the future and need to establish a trust or are an administrator of a trust and need assistance after a death, turn to the team at Yen Pilch Robaina & Kresin PLC for assistance today. Our compassionate and experienced attorneys understand how difficult these issues can become, particularly when dealing with emotionally charged topics. Let us step in and offer the assistance you need to get through this.
- The Phoenix estate planning attorneys at Yen Pilch Robaina & Kresin PLC firmly believe that a properly administered trust can be incredibly beneficial to families and estates.
- We have extensive experience establishing trusts throughout Arizona. We understand the purpose of a trust, how to assist the administration of a trust, and how to handle any issues that arise.
- We take a client-centered approach to every case, which means that we listen to your goals and needs as we formulate the best strategy for your situation.
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A trustee has a legal duty to carry out the terms of trust exactly as stated in the documents that created the trust. Unfortunately, trustees often have very little experience interpreting or administering complex legal documents. That is why a Phoenix trust administration attorney may be needed to help ensure that this process is completed properly. If a trustee fails to properly carry out their duties, this could open them up to liability and potential litigation from the beneficiaries of the trust.
An attorney will help ensure that a trust is established appropriately and that the administrator understands their obligations. In addition, the attorney will help administer assets within the trust according to the documents.
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