Trust Creation & Administration

We are your one-stop destination for both trust creation and administration, providing comprehensive solutions to secure and manage your assets with expertise and care.

Trust Creation
Trus Administration
trust creation

four benefits of a trust

Provide for Children

Minor kids (and some adult ones) may be too young to inherit everything outright. A trust let's you name a person to manage (and grow!) your children's inheritance.

Avoid Probate

If all assets are held by the trust, your family will not have to go to probate court to distribute your estate. This will save time and money!

Reduce Income Tax

Did you know that estates pay upwards of 37% income tax? You can eliminate that with required annual distributions from a trust. That can't be done with just a will.

Maintain Privacy

All court records are public. Trust administration is not. No one but the beneficiaries and trustee will know anything about your assets.

the cost

simple, transparent pricing

Choose from our three popular trust options or requests a custom quote if you prefer to pick and choose your services.

Living Trust

$2000
Flat Rate
Income Tax Planning
One Living Trust
Certificate of Trust
Instructions for Trust Funding
Get started
Most popular plan

Living Trust + Funding

$6000
Flat Rate
Income Tax Planning
One Living Trust
Certificate of Trust
Trust Funding - Asset Transfers
One Optional Amendment
Get started

Legacy Planning

$12000
Flat Rate
Estate Tax Planning
Income Tax Planning
Two Multi-Generational Trusts
Certificates of Trust
Trust Funding - Asset Transfers
Get started
trust creation

frequently asked questions

What is a trust?
A trust is a legal arrangement in which one person (the trustee) holds and manages assets on behalf of another person or entity (the beneficiary) according to specific instructions laid out in a trust document.
What are the main types of trusts?
The main types of trusts include revocable living trusts, irrevocable trusts, testamentary trusts (created through a will), and various specialty trusts like charitable trusts and spendthrift trusts.
What is the difference between a revocable and irrevocable trust?
A revocable trust can be changed or revoked by the person who created it (the grantor) during their lifetime. An irrevocable trust, once established, generally cannot be altered or revoked without the consent of the beneficiaries.
Why might I consider creating a trust?
Trusts are often used for purposes such as avoiding probate, managing assets in case of incapacity, minimizing estate taxes, providing for minor children, protecting assets from creditors, and charitable giving.
How does a trust help avoid probate?
Assets held in a properly funded revocable living trust typically bypass probate, allowing for a faster and more private distribution to beneficiaries after the grantor's death.
Can I be the trustee of my own trust?
Yes, in many cases, the grantor can also serve as the initial trustee of their trust, maintaining control over the trust assets. However, it's essential to appoint a successor trustee to manage the trust if you become incapacitated or pass away.
Are trusts only for wealthy individuals?
No, trusts can benefit individuals and families of various financial backgrounds. They can be used for a wide range of purposes beyond estate tax planning, such as avoiding probate and ensuring the smooth transfer of assets.
How are trusts taxed?
The tax treatment of trusts varies depending on the type of trust and its specific terms. Some trusts are subject to income tax, while others may be subject to estate or gift taxes.
Can I change the terms of a trust after it's created?
The ability to modify a trust depends on whether it's revocable or irrevocable. Revocable trusts can generally be amended or revoked by the grantor. Irrevocable trusts may be modified in some cases but typically require court approval or beneficiary consent.
Can I use a trust to protect my assets from creditors?
Yes, certain types of trusts, such as irrevocable trusts, can be structured to provide asset protection from creditors. However, it's essential to establish the trust well in advance of any financial difficulties, as creating a trust solely to defraud creditors can lead to legal issues. Consult with an attorney experienced in asset protection trusts for guidance on how to set up a trust that offers this type of protection while complying with the law.
trust administration

in three steps

Interpretation

Translate from legalese to action steps.

Taxation

File and pay estate and/or income tax.

Distribution

Transfer all assets to the right people or trusts.

Pricing

plans that fit your need

Choose from our three popular trust administration plans or contact us for a custom quote.

Financial Trust

Ideal for trusts that only hold financial accounts.
$5,000
Flat Rate
Get started
Trust Explanation & Advice
Fiduciary Tax Returns
Beneficiary Notifications
Distribution Accounting
Closing Documents

Complex Trust

Popular
Best for trusts that hold business interest and real property.
$12,000
Flat Rate
Get started
Everything in Financial Trust
Business Interest Transfer
Title & Deeds
All Necessary Contracts
Dispute Mediation

Estate Taxable Trust

Important for trusts subject to estate taxes.
$35,000
Flat Rate
Get started
Everything in Financial Trust
Everything in Complex Trust
Estate Tax Returns
Creation of Subsequent Trusts
New Trust(s)Funding
trust administration

frequently asked questions

What is trust administration?
Trust administration is the process of managing and distributing assets held within a trust according to its terms. Unlike probate, it typically avoids the court-supervised process and is often more private and efficient.
How long does trust administration usually take to complete?
The duration varies depending on factors like the complexity of assets and any disputes. It can take several months to a few years.
I prefer the Financial Trust Plan but I need a new deed. Can I get it?
Yes. If the only thing you want from the Complex Trust Plan is a deed, you can purchase that separately in addition to the Financial Trust Plan. When purchased separately, individual services, like deeds, are priced per document, whereas, the Complex Trust Plan includes unlimited number of deeds.
The estate is subject to estate tax but the trust only has a few retirement accounts, do I really need to pay $35,000?
No. You can request a custom quote that'll only include services you actually need. We are flexible with pricing and want to make sure you are getting what you need out of our services and not a boilerplate solution. Email us a description of your estate and trust, and we'll send you your quote.
How does billing work?
All of our prices are flat fees whether you choose one of the plans or get a custom one. We do not charge per hour. Your price is quoted upfront and does not change even if the circumstances change. Payments of the flat fee are made in 5 installments over the course of 2 years. The first payment is due upon retention. The rest are paid in 6 month incriments.
What are the key responsibilities of a trustee during trust administration?
The primary responsibilities of a trustee include managing trust assets, paying bills and expenses, filing taxes for the trust, keeping beneficiaries informed, and distributing trust assets to beneficiaries as directed by the trust document.
Can beneficiaries challenge the actions of a trustee during trust administration?
Yes, beneficiaries have the right to challenge a trustee's actions if they believe the trustee is not fulfilling their duties or is acting against the best interests of the trust or its beneficiaries. This may involve court intervention.
Are there taxes associated with trust administration?
Yes, trusts may be subject to income tax, estate tax, or other taxes depending on the type of trust and the value of assets held within it. Proper tax planning is essential during trust administration to minimize tax liabilities.
Can a trust be modified during trust administration?
In some cases, it may be possible to modify the terms of a trust during administration, but it usually requires court approval and a valid reason for the modification, such as a change in circumstances.
Can trust assets be distributed before trust administration is complete?
Trust assets can be distributed to beneficiaries according to the terms of the trust document and the discretion of the trustee. However, it's essential to ensure that all legal and tax obligations are met before final distribution.

Advertising Material. This is not legal advice. Contacting the firm alone does not create an attorney-client relationship.

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