Colorado Trust Administration Attorneys Providing Diligent Representation
Trustees have important legal responsibilities. They are charged with managing trust assets and upholding the terms of the trust. Trust administration can be a significant burden to shoulder. Legal guidance is critical for doing so in compliance with both the law and the trust’s terms.
At Chayet & Danzo, LLC, our trust lawyers provide guidance on all aspects of trust administration. Since our establishment in 2002, we have dedicated ourselves to serving clients across Colorado with compassion, talent and dedication.
As a law firm focused solely on estate law, elder law and related areas, we offer the advantage of high-quality representation rooted in a wealth of legal knowledge. Our award-winning lawyers are committed to delivering high-quality legal services in a cost-effective manner. Here, clients experience the sophistication they would expect from a large firm coupled with the personal service, cost-effectiveness and innovation of a boutique practice.
Guidance On All Aspects Of Trust Administration
Trust administration involves numerous duties that can be complex, depending on the type and terms of the trust. Trustees are responsible for:
- Managing trust assets, including maintaining real property and making prudent investments
- Maintaining accurate accounting records
- Distributing assets to beneficiaries
- Handling tax obligations for the trust
- Communicating effectively with all beneficiaries and keeping them informed about the trust’s activities and administration
- Ensuring compliance with the trust terms and relevant legal requirements
- Addressing disputes among beneficiaries or between beneficiaries and the trust
- Engaging professionals such as attorneys, accountants and investment advisers when necessary to provide expertise in managing complex aspects of the trust
Our team supports trustees by providing clear guidance and support throughout these processes. We also represent them in estate and trust-related disputes, including those that escalate to litigation.
Avoiding Pitfalls In Trust Administration
Trustees act as fiduciaries, meaning they are entrusted to manage the trust assets with the utmost care and loyalty to the beneficiaries. They must always act in a way that upholds their fiduciary duties under Colorado law. Failing to meet these responsibilities can lead to trustees being personally liable for any missteps.
Our trust administration attorneys understand the intricacies of fiduciary duties and provide robust legal support to protect trustees from potential pitfalls. Our proactive approach helps prevent mistakes and empowers trustees to perform their responsibilities efficiently and effectively.
Let’s Discuss Your Trust Administration Needs
If you have questions about how to administer a trust, or other questions about estate administration in general, don’t hesitate to reach out to us. You can contact us online or by phone at 303-872-5980. We offer free initial consultations to discuss how we can assist you with trust administration. We have offices in Denver and Edwards, and we are also willing to travel to meet you to ensure convenience and provide personalized service.