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Choosing a Trust Company, Elder Law Attorney, Woodstock, GA


It is often a good idea to choose a professional trust management company to be the trustee of your trust. However, you need to be careful and pick the right company to make sure that you are getting a good deal on costs and fees.

If you place a lot of assets in a trust, then you may not want a family member handling the trust after you pass away. You might prefer the services of a professional trustee.

Many financial services companies have trust departments that offer this service. However, the price for managing these trusts is not always clear.

Generally, the costs depend on how much the assets in the trust are worth. The more assets, the greater the cost to manage the trust.

Trust companies do not always make it easy to understand what the total cost is though. Some offer one flat cost to handle everything while others add a lot of fees to handle things like tax preparation and other basic trust administration details.

The key thing to remember is that almost all of the costs are negotiable. If the company wants your business bad enough, they will be willing to negotiate on their fees.

Barron’s has more on the fees in a recent article titled “Trust Costs Go Up; Get Ready to Negotiate.”

Consider having your estate attorney go over the costs of trust management with you. Your attorney can help you find the right deal.

Attorneys are also good negotiators, so he or she can negotiate on your behalf with trust companies to make sure that you get a better arrangement.

Reference: Barron’s (February 28, 2015) “Trust Costs Go Up; Get Ready to Negotiate.”

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The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

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