A trust is an important tool for protecting your legacy, but it requires responsible management. Your Portland, OR trustee lawyer can help - and the right team can also help you plan who should take over after you’ve passed. At NW Legacy Law, we provide our clients with a wide range of estate planning services, from trust administration to probate and asset division. Read on to see what a trust management attorney can do for you, and contact us today to get started.
Trustee Lawyer Portland, OR
Trusts function as containers for your assets. Rather than holding on to everything you own, you can transfer shares of companies, investments, and even physical property into a trust during your lifetime. Upon your death, the instructions you’ve included in your trust can provide your loved ones with a valuable roadmap when it’s time to distribute the trust’s contents.
There are many benefits to trusts. They’re confidential, and they can help your loved ones avoid probate. But there’s a few tradeoffs. Trusts need to be managed: bank accounts and investments in the trust need to be updated, and close records need to be maintained whenever anything is added or removed from the trust. The person in charge of all of this management is called a trustee.
Ordinarily, the person who created the trust acts as the trustee. This means that after you’ve made your trust, you’ll be in charge of responsible management. There are regular duties you’ll need to take care of, and a misstep can lead to conflict after your death - or even legal claims during your lifetime. All the more reason to contact your Portland trustee lawyer.
Your trust and estate attorney can help you steer clear of any legal pitfalls when you’re administering your trust. The right legal team can help you through the many steps you’ll have to take to make sure your trust is airtight and legally-binding. And looking to the future, you and your trust advisory lawyer can name a successor trustee to take over after your death.
Trusts are important tools, but they take management and input during (and after) your lifetime. If you want to keep your estate in good hands, you’ll need to contact an experienced attorney.
Why Experience Matters In Trustee Representation
At NW Legacy Law, we’re ready to use our experience to help you manage your trust:
- We provide a broad range of estate planning support, from trust planning and administration to asset protection and division.
- We also have over 30 years of combined experience. We know how to keep your trust legally binding, and we also know the pitfalls you should be aware of when you’re making an estate plan in the first place.
- NW Legacy Law provides our clients with a three-step estate planning approach: Consultation, design, and implementation. At every step, you’re getting a personalized response to your exact estate planning needs.
Contact Us Today
Trusts are helpful, but only if you’re responsible about trust management. At NW Legacy Law, we’re ready to keep you on the right track. Contact us today, and see what a Portland trustee lawyer from our office can do for you.
