Trust Administration Services In South Texas
When a person dies, the assets that are set aside in a trust are treated differently than personal assets. One of the purposes of a trust is to bypass the probate process, so that assets pass directly to beneficiaries.
There are legal considerations in administering a trust that may require the advice or assistance of a lawyer. The law firm of McCullough & McCullough in Harlingen provides trust administration services in Cameron County and the Rio Grande Valley. Our experienced estate administration attorneys provide guidance to individuals who are serving as a trustee as well as institutional trustees needing legal counsel. Arrange a consultation at 956-320-1320..
Disbursements And Ongoing Trust Management
Depending on how the trust is set up, trust administration may be a one-time process or it may involve future actions and ongoing maintenance over a period of years. Our attorneys are available to provide legal advice and legal opinions regarding trustee duties and transactions. We can also provide ongoing trust management.
We have a sophisticated knowledge of marital trusts, generation-skipping trusts, life insurance trusts, special needs trusts, charitable trusts and other types of revocable and irrevocable trusts. Our firm can assist with:
- Locating beneficiaries and making disbursements
- Stipulations for inheritance (reaching a certain age, getting married, graduating, etc.)
- Annual disbursements
- Reporting and accounting requirements
If you are a family trustee, we can provide guidance or full-service trust management, depending on your comfort level or time commitment. We welcome out-of-state trustees who are appointed to oversee a Texas trust; we can handle many of these matters on your behalf to minimize the need to travel to Texas.