Trust Administration in Connecticut | New Haven County Probate and Trust Administration Lawyers

 

Administering a trust after the death of a loved one in Connecticut can be a complicated and time-consuming process. If you have been named as the successor trustee over your loved one's estate, there are a number of responsibilities you will need to handle in the days ahead.

 

Roles and Responsibilities: What To Do Next As Trustee

As trustee, it's your job to read the trust, follow the instructions and make sure the trust is properly managed and the estate is closed out according to Connecticut state and federal law.

Many times these responsibilities are not clear or may be difficult to carry out, which is why most trustees benefit from working with a Connecticut trust attorney following the death of a loved one. Keep in mind that the job of trustee is a very serious one, sometimes carrying legal consequences for administration errors or mismanagement of the estate. Working with an attorney helps to protect the trustee, and ensures all legal and financial obligations are handled the right way

 

How We Can Help With Your Trust Administration in Connecticut

Here at Drazen Law Group, we assist in the process of trust administration to ensure the trustee has all of the information, guidance and resources necessary to properly administer each trust. We will work closely with the beneficiaries to:

  • Identify and collect assets and determine the value of each;
  • Ensure all debts, expenses and taxes are paid;
  • Coordinate and work with your tax professional to identify and submit all necessary accounting documents and tax returns;
  • Decide the best approach for the distribution of jointly held assets, life insurance and retirement benefits that pass outside a will or trust;
  • Notify all heirs and the beneficiaries of the trust; and
  • Assist the Trustee in considering the best interest of each individual beneficiary

 

Trust Litigation in Connecticut

Trust litigation frequently involves significant assets and can become highly complex. When faced with trust litigation, you want representation from a trust litigation attorney who can fully protect your rights. At Drazen Law Group we have significant experience handling a wide range of trust litigation matters for our clients.

Trust litigation involves complicated laws and may significantly affect the duties of a trustee and/or the rights of a beneficiary.

We can assist you with any of the following trust issues:

  • Trust fraud
  • Undue influence
  • Lack of mental capacity
  • Failure to pay beneficiaries
  • Payment to wrong beneficiaries
  • Trustee failure to determine value of assets prior to sale
  • Trustee failure in annual accounting and reporting
  • Creditor claims

 

Sound legal advice for trustees

If you are seeking legal advice to prevent any trust litigation, we can provide you with the instruction and sound direction you need to properly perform your duties as trustee. Many trustees do not realize that they may be held personally liable for any improper handling of a trust. If you have questions regarding Trust Administration or you are seeking to prevent litigation, contact the Drazen Law Group for assistance.

 

Beneficiary representation

As a beneficiary, you are entitled to certain assets and enjoy a broad range of rights. However, you may find that you need skilled legal advocacy to enforce your rights against a negligent trustee or protect your assets against creditor claims. The Drazen Law Group has significant experience handling a wide range of trust related issues for beneficiaries. We will take immediate action to ensure that your rights and interests are secured.

 

Getting Help

Our trust and probate lawyers take great pride in our ability to bring families together in a time when even the closest families fall apart. Our commitment is to you, our client, and we do everything in our power to ensure your family experiences security, ease and support following the death of a loved one.

If you now need help administering your loved one's trust, please call our Milford trusts and estates law firm at (203) 877-7511 for immediate assistance. We look forward to meeting with you and helping your family with their trust administration needs.