Mr. Goodwin is everything you want in an attorney: professional, honest, thorough, and genuinely caring. He always explains things clearly, so I understood exactly what was happening and what to expect next. His attention to detail and persistence really stood out. Looking back, I feel lucky to have found him. He guided me through the whole process expertly, and I deeply appreciate all his hard work. Would definitely recommend him to anyone needing legal help.
A trust administration attorney is an attorney who specializes in the different aspects involved in managing a trust. This includes interpreting trust documents, dispute resolution, providing the trustee or beneficiary with advice regarding legal matters relating to the trust, and court filings relating to matters requiring court approval or accounting,
Trust administration involving an attorney usually revolves around the interpretation of the trust document, accounting, beneficiary communication, and dispute resolution.
Issues regarding the interpretation of the trust document usually arise when the trustee is given discretion to make payments to the beneficiaries for health, education, maintenance, and support. Beneficiaries and trustees may have issues regarding the interpretation, to which a trust administration attorney can assist, especially in dispute resolution.
Accounting is also a very important of trust administration, which usually comes at the termination of the trust. Although informal accounting reports can be made, most trust administration attorneys will use the court’s formal accounting schedules in preparing their informal accounting report to ensure that such accounting can withstand scrutiny in case there are objections and it is questioned in court at a later time.
Trust litigation may also arise as part of trust administration. This happens when there is a need for court approval on certain trustee actions, in formal accountings where there are objections, or breaches of fiduciary duties by trustees, and unresolved disputes between the beneficiaries and trustees. A trust administration attorney should be able to represent trustees or beneficiaries in trust administration litigation matters.
Trust administration can be a broad and complex matter. Not all trust administration attorneys will have experience in all aspects of trust administration. Some trust administration attorneys, however, may have developed an expertise in understanding the different legal aspects concerning trust administration and can be successful in representing your niche interests in the matter. Should you need assistance regarding trust administration, we at the Law Offices of Albert Goodwin are here for you. We cover Manhattan, Brooklyn, Queens, Bronx, Staten Island, Nassau County, Suffolk County and Westchester County. You can call us at 212-233-1233 or send us an email at [email protected].
About the Author
Albert Goodwin Esq. is a licenced New York attorney with over 17 years of courtroom experience. His extensive knowledge and expertise make him well-qualified to write authoritative articles on a wide range of legal topics. He can be reached at 212-233-1233 or [email protected].
