When used properly, a trust can be a powerful legal tool used to transfer wealth from one generation to the next. However, a trust does not operate on its own. You need a trusted fiduciary to administer and manage the trust according to the terms of the trust documents. The Las Vegas estate planning lawyers at Taylor & Leonard Law have extensive experience in Nevada trust law, and we can handle all your trust administration needs. Call us today at (702) 982-0880 to schedule a free consultation and learn more about how we can help.
Why Choose Us at Taylor & Leonard Law?
Choosing the wrong trustee to handle your trust administration could be a costly mistake. Additionally, attempting to manage a trust on your own without legal guidance could expose you to potential liability. Trustee misconduct or mismanagement of trust assets can lead to disputes and expensive trust litigation. Clients in Las Vegas turn to Taylor & Leonard Law for assistance because:
- We have an in-depth understanding of Nevada trust law
- We bring big firm experience at affordable prices
- Clients always have easy and direct access to their attorney
When the time comes to get help with trust administration, you need a lawyer who understands both the legal complexities and the sensitive nature of the situation. Contact us today to schedule a free consultation and let us put our experience to work for you.
Why Do I Need a Las Vegas Trust Administration Attorney?
Whether you need someone to be your trustee or just need legal assistance administering a trust, a trust administration attorney can help. An experienced Las Vegas trust administration attorney can help you understand all the complex legalities of trust administration and can help you minimize your risks by:
- Explaining all the terms of the trust documents to you
- Advising you of the proper action to take to ensure compliance with the trust documents
- Assisting with trust accounting and asset inventories
- Resolving trust disputes that arise during administration
- Representing you in court and protecting your interests when necessary
If a trust is involved, you can count on the experienced team at Taylor & Leonard Law to help.
Overview of Nevada Trust Administration Basics
The administration of a trust can get complex, and it must follow Nevada law. The trust documents should name a trustee, and this person or entity will be responsible for the administration of the trust. The trustee will be tasked with inventorying the assets, paying debts, and distributing trust assets to the beneficiaries — all according to the terms of the trust documents. If the trustee fails to uphold their fiduciary duty, they could be held liable for damages in trust litigation.
Contact a Las Vegas Trust Administration Attorney Now
When you need help with trust administration, our experienced team is here to help. We are committed to offering our clients strategic guidance to help them through even the most complex trust situations. Contact us today to speak to a Las Vegas trust administration attorney who is ready to guide you every step of the way.