Trust Administration Lawyer New Braunfels, TX

New Braunfels, TX Trust Administration Lawyer Helps You Fulfill Your Fiduciary Duty

Trust funds sometimes get a negative reputation, thanks to the Hollywood tropes of “trust fund babies,” but in reality, setting up a trust fund for your child, your spouse, or even yourself is a savvy aspect of a solid estate plan. Trusts are either irrevocable, which means that once they’re established, they cannot be changed or revoked (except for very rare situations), and revocable, which means that the grantor, or person who establishes the trust, can revoke the trust or change its terms.

All trusts require a trustee to manage the trust, make financial decisions based on the terms of the trust, and disperse the assets (or otherwise make them available to the beneficiary) based on the terms of the trust. For nearly 30 years, our New Braunfels, TX trust administration lawyer has been advising clients of their obligations as a trustee. As a board-certified estate planning attorney, we can help you create a trust for yourself or someone else, or act as a trustee if you don’t have someone in your life you trust to act in that role. Contact The J.M. Dickerson Law Firm today to schedule your free consultation.

Comprehensive Trust Administration Services

The Texas Estates Code sets strict fiduciary obligations for a trustee. The trustee is expected to represent the trust and act in its best interests, and if the best interests of the trust and the requests of the beneficiary differ, act on behalf of the trust. Trustees must administer the trust according to the trust agreement set by the grantor and Texas and federal laws. Failure to do so can leave the trustee open to legal liability.

Our experienced Texas trust attorneys explain your duties as a trustee and review any documents you must complete on behalf of the trust. We offer a wide range of legal services for trust administration and guide trustees no matter how modest or complex the trust is.

Some of the valuable trust administration services we provide include:

• Communicate with beneficiaries on behalf of the trust
• Create accountings of all fiscal activities enacted on behalf of the trust and submit all required accounting and tax returns
• Provide investment guidance to help grow the trust
• Guide you in the interpretation of the terms of the trust should there be a dispute
• Structure trust transactions
• Complete trust reformation as necessary

Our goal as your estate planning attorneys is to ensure that you remain compliant with the requirements of a trustee.

Our Experienced Trust Attorney Helps You Fulfill The Trust’s Purpose

A trustee has serious obligations to ensure that the trust is properly administered. A misstep on the trustee’s part could defeat the entire purpose of the trust, and the beneficiary will likely suffer. Depending on the type of trust, it could have been created to enhance the lives of a person with special needs, preserve separate property in case of divorce, or protect a family home from a potential lawsuit.

If you have been appointed as a trustee, if you want to establish a trust but cannot be the trustee yourself, or if there is no one you trust to act as the beneficiary, our New Braunfels trust administration lawyer can help you. We use flat-rate pricing for our services. Contact The J.M. Dickerson Law Firm today to learn more in a personal consultation.