Trust Administration

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Informative and compassionate from start to finish.

Although Trusts can be a great benefit for probate avoidance, considerable time and money may be wasted on administration. Since most trusts provide for the payment of attorney fees from trust assets, there’s no need to navigate the complex requirements of trust administration alone. The Law Office of David Watson, LLC offers expert counsel the entire way to help ease the burden and confusion of trust administration.

 

Guiding trustees through legal responsibilities.

Trustees owe fiduciary duties to their beneficiaries and ignorance of the law will not excuse trustee misconduct or mismanagement. It can be an overwhelming task to administer a trust in the midst of grieving the loss of a loved one. Attorney David Watson helps trustees carry out legal responsibilities answering common questions along the way:

  • Can I pay expenses with trust funds?
  • What items can I give away?
  • How do I provide notice to creditors?
  • How do I get a tax ID number?
  • When and how should distributions be made?
  • How do I prepare an inventory of trust assets?
  • What do I need to account to beneficiaries for?
  • How do I close the trust?
  • Is there liability after the trust is closed?

 

Here to help.

If you are a trustee and looking for guidance in trust administration, contact The Law Office of David Watson, LLC online or at 414-491-3283.

Testimonials

“I found myself facing some of the most difficult days of my life, having just lost my husband. I was dealing with the sale of my condominium on my own and having a new will prepared so that I could move forward with my trust.

Through a mutual friend, I was introduced to David Watson and he has been a lifesaver for me. He took knowledgeable control of my situation and, in all honesty, saved me from despair.

I know going forward, should I have questions or need advice and assistance, it is David I will contact.”

JoAnne – Mequon

“I’ve had the pleasure of working with David for some time now, and I’ve had nothing but positive experiences whenever I’ve had a client in need.

David has the knowledge and the professionalism to deliver the peace of mind that our clients deserve. He is very thorough and organized- which allows him to tailor plans that are specific to the individual.

The feedback that I have received for recommending David has been absolutely phenomenal, and I would strongly advocate anyone to sit down and chat with him! “

Kenny – Grafton

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