Losing a loved one is hard enough without the additional stress of making important financial decisions while mourning. At Sykes Elder Law, we have the experience to make the trust administration process as stress-free and efficient as possible. We will compassionately guide you and your family, and work closely with personal representatives, executors, trustees and other fiduciaries to ensure your trust is administered to the letter.
Maybe you have been named as a trustee? If so, you might be feeling a bit overwhelmed by the responsibilities involved. We can walk you through the entire process, including distributions to beneficiaries, statutory notice requirements, payment of expenses, compliance with the prudent investor rule, accounting to beneficiaries and/or the court, income and estate tax consequences, and more.
Our trust administration services include:
- Selection of the proper representatives
- Preparation and filing of all necessary documents
- Review of PA inheritance tax issues
- Review of estate and gift tax issues
- Assistance with distribution
- Trust termination
You do not have to go through the administration process alone. We are here to help you every step of the way, so that you and your family can focus on the most important matter of all… helping one another cope with your loss. Contact us as soon as possible for an initial consultation.
Related Estate Administration Posts
If you are looking for more information about Estate Administration, here are some of our favorite blog posts. You can also click here for all of our Estate Administration posts.
- What to do When a Loved One Dies - A loved one’s death brings on a period of grieving and stress. People often ask: “What do I do now?” There is often much to be done in a short time period. One has to deal with the sorrow of loss, while at the same time attending to practical concerns. This information attempts to help […]
- Attorney fees in probate: how do Pennsylvania lawyers charge? - For many reasons, executors are well advised to use legal counsel to help them navigate through the probate process, look for tax savings, and make sure everything is done properly. How lawyers charge varies from state to state. This blog post explains the rules governing how Pennsylvania lawyers can charge for their services. Pennsylvania rules […]
- What does an executor do? - After the death of a family member or friend, you find that the deceased’s will names you as the executor of the estate. What does that mean and what do you need to do? An executor has a number of important duties. The main ones are to collect and safeguard the assets of the deceased […]