Trust Administration

Following the death of a family member or loved one, it is difficult for even the most financially savvy person to focus on the tasks at hand required to administer a trust and settle the decedent’s estate. Modern Wealth Law has significant experience in the area of trust administration, including advising both Trustees (individual and institutional) and beneficiaries regarding the following:

  • Administration of the trust after the death of a trustor
  • Trustee’s duties, powers, and standards
  • Heggstad Petitions
  • Accounting and recordkeeping requirements
  • Management and investment of trust assets
  • Creditor’s rights against trusts and beneficiaries
  • Trustee compensation and attorney’s fees
  • Subtrust funding
  • Income taxation of trusts
  • Preparation of Federal estate tax returns
  • Court filings to clarify the terms of the trust and to provide instructions to the Trustee