Trust Administration Attorney With Attention To Detail

The administration of trusts occurs outside of the probate process. People create various types of trusts to accomplish a variety of benefits and objectives, and assets in trusts may be treated differently than other assets. Avoiding probate and estate taxes is one reason people create trusts.

At the law office of Albert F. Pennisi, P.C., I assist trustees with trust administration in New York. I can also represent beneficiaries of the trust. If you suspect that the trust is being mismanaged, I can investigate, recover misappropriated assets and return them to the trust. When necessary, I can petition the court to remove trustees. With my decades of experience in this area of law, I understand how to administer all types of trusts, including testamentary trusts and revocable and irrevocable living trusts.

Work With An Attorney To Administer A Trust

There are numerous steps in the trust administration process. Most trustees decide to work with a lawyer to ensure they do not make mistakes during the process. I have experience with high net worth estates, sophisticated assets and trusts of all kinds. You can rely on me to guide you through the process.

The basic steps in trust administration may include:

  • Keeping an accounting of the assets in the trust and providing it to beneficiaries
  • Providing a valuation of the assets
  • Filing and paying any taxes
  • Distributing assets to the beneficiaries according to the terms set forth by the grantor
  • Overseeing investments and reinvestments of assets, as well as the operation and or sale of a business
  • Transferring ownership of the assets to the beneficiaries at the appropriate time

I will advise trustees on how to accomplish these tasks and can assist them with filing documents in Surrogate's Court. I know how to protect the rights of trustees and beneficiaries.

When disputes arise over the management or distribution of trusts, I can represent you in probate litigation cases. I have represented beneficiaries as well as trustees in these cases.

Please Discuss Your Trust Needs With Me

To schedule a free, 30-minute consultation at my Queens office or Nassau County office, please call 929-346-7536. You may also contact me online.