A trust is most effective when it’s properly administered. Trust administrators, or trustees, have a weighty fiduciary duty. If you want to create a trust but cannot administer it yourself, or don’t want to take on the responsibility, trust our Bothell, WA trust administration lawyer. We can help you understand the duties of a trustee so you can find someone in your life to take on the role, or we can handle these duties ourselves. We know what the law requires, and we’re prepared to fulfill all the obligations. Call Eastside Estate Planning today to learn more.
Trust Administration Lawyer Bothell, WA
Trusts are legal entities that hold assets (money, real estate, and other property, like life insurance policies) and use the assets in specific ways to enhance the life of the trust’s beneficiary. For example, many people establish trusts to pay for their child’s college, so the trust would pay for tuition, fees, and books. Others use trusts to help pay for the needs of a child or adult with special needs, covering what government benefits do not, without jeopardizing their financial eligibility for those benefits. A trust can provide any number of benefits, but it doesn’t operate on autopilot. Trusts require an administrator, called the trustee, to make financial decisions, control the payouts, and generally act on behalf of the trust.
As the grantor of the trust, you may not be legally permitted to act as the trustee. Even if you are able to administer the trust, such as in the case of a revocable trust, you may not want the responsibility. That’s where we can be of service.
Our Bothell trust administration lawyer can act as a trustee for your trusts. We have deep knowledge of Washington estate laws to do so effectively and a thorough understanding of a trustee's fiduciary responsibilities. We can also offer legal advice and guidance for your trust administrator, helping them understand their obligations and any necessary reporting they must do on behalf of the trust. This way, your trusts truly function as you intended them, benefiting you and the people you love.
Our Legal Experience Matters In Trust Administration Issues
Whether you need help administering a trust or you have concerns about your current trustee, you can depend on the legal team at Eastside Estate Planning to do the job thoroughly. We act as a trustee on your behalf, take legal action to address questionable actions of the trustee you currently have, and help protect your assets.
- Firm founder Robert Franco holds a Juris Doctor and an advanced tax law degree from the University of Washington School of Law
- Proud member of the Washington Bar Association | Tax Section Member
- A client-centered approach designed to safeguard everything you’ve worked hard to build
- Thousands of satisfied clients and hundreds of 5-star reviews highlight our client-first philosophy
- Five-star rating on AVVO, reflecting outstanding client satisfaction
Do you have concerns about trust administration? Call our Bothell trust administration lawyer today for a consultation.