Proper trust administration is essential for managing and protecting trust assets according to the trust’s terms and ensuring the trust’s objectives are met. At LMB Partners, we offer comprehensive trust administration services to help trustees and beneficiaries navigate the complexities of trust management. Our experienced attorneys are dedicated to providing expert guidance and support throughout the administration process.

Our Services

Trustee Services

Serving as a trustee or advising an appointed trustee involves various responsibilities. Our services include:

• Acting as Trustee: Serving as trustee to manage and administer trust assets in accordance with the trust’s terms.

• Trustee Advisory: Providing guidance to trustees on their legal and fiduciary duties to ensure compliance with trust provisions and applicable laws.

• Record Keeping: Maintaining detailed records of all transactions, distributions, and communications related to the trust.

Asset Management

Effective management of trust assets is crucial for preserving and growing the trust’s value. Our services include:

• Investment Management: Overseeing the investment of trust assets to achieve growth and income according to the trust’s objectives and risk tolerance.

• Property Management: Managing real estate and other physical assets held in the trust, including maintenance, leasing, and ventual sale.

• Account Management: Handling financial accounts, including deposits, withdrawals, and budgeting for expenses related to the trust.

Beneficiary Relations

Maintaining clear communication and managing relationships with beneficiaries is key to successful trust administration. We provide:

• Beneficiary Communication: Keeping beneficiaries informed about the trust’s status, financial performance, and any significant developments.

• Distributions: Administering distributions to beneficiaries according to the terms of the trust and ensuring timely and accurate payments.

• Dispute Resolution: Addressing any disputes or concerns raised by beneficiaries regarding the trust administration or its terms.

Compliance and Reporting

Ensuring compliance with legal and regulatory requirements is essential for trust administration. Our services include:

• Trust Compliance: Ensuring that all aspects of the trust administration comply with applicable laws, regulations, and trust provisions.

• Tax Reporting: Preparing and filing required tax returns for the trust, including income tax and estate tax returns.

• Annual Reporting: Providing regular reports to beneficiaries and regulators as required, including financial statements and performance reports.

Trust Modification and Termination

In certain circumstances, it may be necessary to modify or terminate a trust. We offer:

• Trust Modification: Assisting with the legal processes involved in modifying trust terms to reflect changes in circumstances or objectives.

• Trust Termination: Guiding trustees and beneficiaries through the process of terminating a trust and distributing the remaining assets in accordance with the trust’s terms.

Why Choose Us?

• Expertise and Experience: Our attorneys have extensive experience in trust administration, providing knowledgeable and effective guidance throughout the process.

• Personalized Service: We offer tailored solutions to meet the unique needs of each trust, ensuring that its administration aligns with your goals and expectations.

• Client-Centered Approach: Your satisfaction is our priority. We provide clear communication, responsive support, and dedicated representation to ensure a smooth and successful trust administration.

• Comprehensive Support: From day-to-day management to complex legal matters, we offer full-service support to address all aspects of trust administration.

Contact Us

For expert assistance in trust administration, LMB Partners is here to help. Contact us today to schedule a consultation and learn how we can support you in managing your trust with care and professionalism.