Most people are familiar with Trusts that are created for estate planning purposes, usually revocable, living trusts. Sometimes irrevocable Trusts are used when called for by the circumstances of your situation. We will serve as Successor Trustee and be ready to step into the role of Trustee when it becomes necessary. Your attorney will recommend the right trust for your particular situation.
One common type of Trust that we often handle are Special Needs Trusts (SNT’s). SNT’s are designed to protect the public benefits of the beneficiary while providing for the special needs of minors, the developmentally disabled and mentally ill. As directed by your trust, we professionally manage, administer, and safeguard the assets held in the trust. We report to the beneficiaries, file tax returns and make distributions per the instructions in the trust. We prepare court accountings and take responsibility for the investment assets.