Your Valued Partners For Trust Administration

Trust administration is a big job, particularly for larger, more complex trusts. Trustees – that is, the person or people responsible for administering the trust – have important duties under Michigan law. As fiduciaries, they must manage the trust for the sole benefit of the beneficiaries. They must do so with competence and prudence, and they must avoid any conflicts of interest.

Adhering to these duties and properly fulfilling the terms of the trust can be challenging. At DeMent & Marquardt, PLC, we serve as experienced advisors and representatives for trustees, delivering valuable guidance on all aspects of the process. Our estate lawyers have many decades of experience handling trust and estate matters in Michigan. Based in Kalamazoo, we have built strong reputations for our skill and success in this area.

Basics Of The Trust Administration Process

As a component of estate administration, the trust administration process is similar in many ways to the probate process. However, it doesn’t take place in court and it isn’t a matter of public record.

Administering the trust involves:

• Managing trust assets in a prudent manner
• Providing regular accountings to beneficiaries
• Filing appropriate tax returns and fulfilling tax obligations
• Distributing assets in accordance with the terms of the trusts

There are many other steps that may need to be addressed, depending on the estate and the terms of the trust. Our attorneys can assist with all aspects of the process.

We also help clients establish trusts for estate planning and other purposes, including Medicaid planning.

Reach Out To Our Team

For guidance on any aspect of trust administration or formation, please don’t hesitate to contact us. You can also reach us by phone at 269-343-2106.