Professional Services For Trustees
Being appointed as a trustee is a big responsibility. Not only must you effectively manage property and finances for the benefit of the named beneficiaries; you must also meet the multitude of legal responsibilities associated with trust administration.
At the office of Scott + Hespen Law, PLLC, our attorneys have extensive experience in trust administration. For almost 25 years, we have been helping trustees and beneficiaries ensure the trust terms are being administered in accordance with state law.
Located in St. Paul, our firm represents trustees and beneficiaries throughout the state of Minnesota.
Ensuring Trusts Are Properly Administered
As a trustee, you are held to high standards of duty, care and loyalty when managing trust assets for the benefit of the named beneficiaries. There are many legal obligations you must fulfill; failure to meet these obligations can subject you to personal liability.
The trust administration process is similar to probate administration. The trust assets must be documented, beneficiaries must be notified, taxes must be paid and trust assets — including real property, investment property, business interests and financial investments — must be managed in accordance with the terms of the trust.
At the office of 651-968-1457, our attorneys help trustees during every stage of the trust administration process and ensure fiduciary duties are discharged in accordance with the trust terms and state law. We also help trustees complete and file any necessary fiduciary income tax returns and estate tax returns.
Contact Experienced Trust Distribution Lawyers
As a beneficiary of a trust, you have the right to contest the manner in which a trust is being administered. Our lawyers represent beneficiaries who are concerned about the manner in which trustees are managing trust assets and making distributions.
If you have been named as a trustee or are the beneficiary of a trust, our attorneys can help ensure the trust is being administered in accordance with trust terms and state laws. Contact the St. Paul trust administration lawyers of Scott + Hespen Law at 651-968-1457.