We act as legal counsel to trustees, as well as provide guidance to the beneficiaries of estates and trusts.
To avoid conflicts of interest, we would not represent fiduciaries and beneficiaries in the same case when their positions are adverse to one another. We can assist in the daily administration of a trust by maintaining the fiduciary accounting and preparing fiduciary income tax returns when necessary. We provide advice regarding the interpretation of the governing trust instrument and the tax consequences to the trust and beneficiaries of various trust administration decisions.
We also provide advice to trustees and beneficiaries regarding the administration of unusual trust assets, such as business interests, real estate, works of art, and other unusual assets that may present valuation, management, sale and distribution issues. We rarely serve as Trustee, viewing that as a potential conflict, and prefer to leave the role of professional trustee to others with investment expertise.