Bethel Park Trust Administration
If you have been named as a trustee after the passing of a loved one, it can be difficult to know what to do. You want to make sure you meet your obligations and follow the wishes of the person who created the trust. An experienced trusts and estates lawyer can answer your questions, help you avoid legal pitfalls and guide you through the process of administering a trust.
At Michael D. Flynn & Associates, P.C., we can give you the answers and support you need. We represent clients who need help with estate administration, trusts and probate throughout the South Hills area.
Contact our Bethel Park trust administration lawyers online or by telephone at 888-344-9640 to learn more about the trust administration process and our legal services.
Administering a Trust in Pennsylvania
Some trusts are meant to be distributed upon the death of the Settlor, as a way to avoid costly probate. Other trusts are meant to shield assets into the future for the long-term care of a child or a disabled relative. The way that you administer the trust will depend on the type of trust involved and the wishes of the person who created it.
Regardless of the type of trust, however, every trustee has obligations, to the trust and the beneficiaries. A trustee should:
- Value and appraise the trust assets
- Manage any trust investments
- Keep the beneficiaries informed throughout the process
- Distribute and transfer trust assets in a reasonable amount of time, according to the terms of the trust
- Prepare and file any necessary tax returns
- Avoid any self-dealing or conflicts of interest
We can help you understand your obligations and duties as a trustee so you can make informed decisions regarding the trust. We are committed to providing you with the information and legal advice you need every step of the way.
Contact Our Allegheny County Attorneys About Trusts and Asset Transfers
If you need help administering a trust, we can help you. Contact our trust administration lawyers online or by telephone at 888-344-9640 to set up an initial consultation. We serve clients throughout the Pittsburgh and Bethel Park, Pennsylvania, areas.