Trust administration involves handling infinite details, such as maximizing tax advantages, limiting Trustee liability, and thoroughly advising beneficiaries. Our experience helps us expedite the process.
Every trust administration is unique regarding the level of assistance a trustee requires.
In addition to helping establish and manage personal estate plans, we assist clients with administering trusts—both during the creator’s lifetime and after death.
Depending on trust’s details, our work may include:
- Consulting and counseling
- Obtaining tax identification numbers and preparing Affidavits of Successor Trustee
- Reviewing trust assets concerning beneficiary designations and ownership status
- Counseling trustees regarding their fiduciary duties
- Communicating with beneficiaries
- Assisting in the distribution of personal property
- Coordinating with CPAs and financial advisors regarding accounts and tax filings
- Preparing and filing deeds for transferring real estate and other interests
- Establishing beneficiary sub-trusts, special needs trusts, or dynasty trusts for continued administration
- Obtaining releases from beneficiaries to protect the trust’s assets as well as its trustees
Baker Law can expedite the trust administration process, utilizing all tax benefits and minimizing potential liabilities for trustees.
Every trust administration is unique regarding the level of assistance a trustee requires.
In addition to helping establish and manage personal estate plans, we assist clients with administering trusts—both during the creator’s lifetime and after death.
Depending on trust’s details, our work may include:
- Consulting and counseling
- Obtaining tax identification numbers and preparing Affidavits of Successor Trustee
- Reviewing trust assets concerning beneficiary designations and ownership status
- Counseling trustees regarding their fiduciary duties
- Communicating with beneficiaries
- Assisting in the distribution of personal property
- Coordinating with CPAs and financial advisors regarding accounts and tax filings
- Preparing and filing deeds for transferring real estate and other interests
- Establishing beneficiary sub-trusts, special needs trusts, or dynasty trusts for continued administration
- Obtaining releases from beneficiaries to protect the trust’s assets as well as its trustees
Baker Law can expedite the trust administration process, utilizing all tax benefits and minimizing potential liabilities for trustees.
Helpful Resources
Benefits of an Ohio Legacy Trust
Ohio permits individuals to create personal trusts, be the beneficiaries of those trusts, and use those trusts to protect their assets from nearly all future creditors.
Non-Reciprocal Spousal Trusts
Until 2026, a unique opportunity exists for clients to shift up to $22 million from their taxable estates. The option is available for all clients regardless of their net worths.
