Trust Administration
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Trust Administration Law
Tampa Trust Administration Lawyer
Trust administration is needed when a grantor wants their trust to be carried out according to their wishes after they pass. Without this crucial service, there is no guarantee that your hard-earned assets will make it to your loved ones. To some, that is a fate worse than death.
Trust administration attorneys like the ones at Older Lundy Koch & Martino are here to ensure that your assets reach your family when the time comes. That is the purpose of a trust, after all.
Trust Administration Lawyer Tampa
Florida Trust Administration Law
A trust involves more than writing out the terms of your will. There are many steps that are required for a trust to be truly legal and functional after your passing which is why it’s always a good idea to hire a lawyer who specializes in trust administration law.
Step One: Information Gathering
First, a trust administration lawyer will collect all of the necessary information about your finances and family tree after your date of death.
Step Two: Determining Asset Value
The assets listed in your trust will be appraised for their current market value.
Step Three: Settling Debt
Trust administration also includes settling any debts or liabilities left over by the time of your passing.
Step Four: Distributing Assets
The final step in trust administration is distributing your assets to their intended beneficiaries.
In addition to the above services, a trust administration lawyer can also take care of tax-related matters surrounding the assets in your trust. These are all things that you can’t do yourself, so it’s vital to find an expert that your family can look to for assistance.
Older Lundy Koch & Martino aims to be the team you can turn to for trust administration lawyers who you can trust with your estate in Florida. Schedule a consultation today!