Working Closely With Trust Administrators To Fulfill Their Duties

Adding a trust to a comprehensive estate plan can provide lasting benefits for you and your loved ones. At the time of creation, an individual must name someone to serve as the administrator of the trust. This person may also be called the trustee. The responsibilities of this task are complicated. It can be difficult to know how best to fulfill your obligations in this role.

At the Law Office Therese L. Money, LLC, we offer dedicated legal representation for all aspects of estate administration and other estate planning matters. Our lawyer, Therese L. "Terry" Money, Esq., provides close, understanding guidance to trustees throughout Southeastern Pennsylvania. We will help you understand the duties of your role as trust administrator and will work to make this process less stressful for you and the trust’s beneficiaries.

Dedicated Trust Management Services

In addition to selecting a trustee, it is important to find someone who can manage the assets within the trust. Banks and other financial institutions may not get involved in the management of a trust’s assets unless it exceeds a certain amount of money.

In addition to our work creating and reviewing trusts, we provide essential trust management services for our clients. Our attorney has experience serving as a co-trustee with Vanguard and other financial institutions to ensure that we are managing the assets properly for your loved ones.

Resolving Trust Disputes In Orphans’ Court

The trustee has a fiduciary duty to act in the beneficiaries’ best interests. When the trust administrator fails to live up to these standards, Terry will file trust disputes in Orphans’ Court on our clients’ behalf.

In addition to breaches of fiduciary duty, we have helped our clients obtain favorable outcomes for complex matters involving:

• Disagreements over the terms of a trust
• Whether the trustor — the individual who created the trust — was coerced or impacted by fraud when executing the trust
• Whether the trustor was of sound mind when creating the trust
• Failure to make prudent investing decisions

Contact Us For Your Trust Administration Needs

For more information about how we can assist with trust administration or to schedule an initial consultation, please call our West Chester office at 610-692-2248. We also welcome your questions via email.