Trust Administration in North Carolina
The obligations associated with being a trustee can be confusing. While it is an honor to be named to this position of fiduciary responsibility, it can be difficult to understand what is expected of you and how to best manage the duties involved.
Let us help. At Salines-Mondello Law Firm, PC, we can answer your questions, set you up with a plan to manage your obligations, or even take over the tasks associated with trust administration on your behalf.
Different Types of Trusts
Trusts can be set up to accomplish a variety of different purposes. We assist with trust administration duties for all types of trusts including:
- Charitable Lead Trusts and Charitable Remainder Trusts
- Grantor trusts such as Grantor Retained Annuity Trusts and Unitrusts
- Special Needs Trusts
- Trusts for Children
- Gun Trusts
- Asset protection trusts
- Revocable living trusts
- Medicaid planning trusts
- Qualified Domestic Trusts
- Education trusts
- Pet trusts
- Irrevocable Life Insurance Trusts
Whether a trust is revocable or irrevocable, trustees have obligations they must fulfill to meet legal imperatives and avoid personal liability. We can ensure all legal requirements are met, assets properly managed, and tax issues optimized for best performance.
Talk to the Dedicated Trust Administration Attorneys at Salines-Mondello Law Firm, PC
Trusts are unique creations developed to fit particular situational needs. Just as there is no appropriate one-size-fits-all approach to creating a trust, there should not be a standard approach to trust administration.
Knowledgeable trust attorneys at Salines-Mondello Law Firm, PC are prepared to assist in any way with trust administration. Whether you want an advisor to help with long-term trust administration duties or just need help getting started, contact us to find out how we can make the process easier and more effective.