Marietta Trust Administration Lawyer

Trusts are a popular way to transfer property between parties. You may choose this method as a way to avoid the Probate process as well as gain tax benefits.

One major part of creating a Trust is nominating a Trustee. A Trustee temporarily holds property on behalf of the Trust until the time comes to Distribute the Assets to your Beneficiaries. During this time, the Trustee has a duty to only act in the interests of the Trusts and with good faith.

A Marietta Trust Administration lawyer at our firm can help provide guidance to your loved one concerning their role as your Trustee. Our knowledgeable attorneys at Nelson Elder Care Law can answer any questions you or your loved one may have about the process of administering a Trust.

General Duties and Powers of Trustees

A Trustee plays a key role in the administration of a Trust. In fact, a Trust cannot exist without a Trustee. Under the Official Code of Georgia Annotated § 53-12-200, any individual adult may serve in this role. Additionally, an organization, corporation, or other entity may be a Trustee if they have authorization from the State.

Trustees always have a duty under the law to act in the best interests of both you and your beneficiaries. According to O.C.G.A. § 53-12-240, this means acting in “good faith.” More specifically, Trustees have an obligation to:

  • Inform beneficiaries concerning the existence of a Trust
  • Provide reports to both Trust makers and Trustees
  • Safely hold and maintain the property
  • Distribute the property at the appointed time

Failures to properly serve as a Trustee can come with severe consequences. You or your beneficiaries can claim damages if you experience malfeasance. A Marietta attorney at our firm can provide more information about the role of Trustees in the administration of your Trust.

How Can a Lawyer Help with Administering a Trust?

Clearly, the role of a Trustee in administering a Trust is vital. Without proper guidance, the entire purpose of your Trust could be jeopardized. However, it is understandable for your loved ones to be unsure of their exact duties if you name them as your Trustee.

Fortunately, our Trust Administration lawyers in Marietta can help. Our team at Nelson Elder Care Law can provide guidance concerning a Trustee’s obligations under the law, suggest ways to properly hold the assets, and help author the required reports.

In other situations, our attorneys can directly serve as a Trustee. Hiring an attorney to serve as a Trustee increases the chances of proper Trust management and helps to ensure proper communication and Asset Distribution.

Reach out to a Marietta Trust Administration Attorney Now

The proper administration of a Trust is essential to serving that Trust’s purpose. It is so important that state law mandates that all Trustees act in good faith in order to achieve this purpose. Failures to do so may give rise to lawsuits that threaten both the Trust and the finances of Trustees.

A Marietta Trust administration lawyer can help you if you have received a nomination to serve as a Trustee. This could include explaining the laws that govern Trustee behavior as well as recommending steps to take to fulfill your obligations.

Contact our office today to learn more.

Hear From Our Clients

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

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!

- Kerri

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.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce