May 16, 2017 ... Following advice from trust mills can result in financial losses and litigation. ... While living trusts can provide significant estate planning benefits, it is important to avoid unscrupulous trust mills. Following ... Instead, administrative assistants and paralegals do the bulk of the work — with very little supervision.
Delaware's independent, privately-held boutique trust Company partners with your existing Advisers to provide professional trustee administration solutions.
Results 1 - 9 of 9 ... In the area of estate and trust administration, we advise executors and trustees, guiding them in all aspects of their fiduciary responsibilities. We regularly counsel clients on related income taxation, as well as gift and estate taxation. With respect to wills and trusts, we represent clients in matters pertaining to ...
Many persons elect to establish a revocable inter vivos trust as the centerpiece of their estate plans instead of just last wills and testaments so that they can avoid a probate of part or all of their estates upon their deaths. If the legal title to stet property is held by the Trustee of his or her trust, then the administration and ...
There are three groups of Trust Mills of which you should be wary of and who engage in the unauthorized practice of law (UPL)
Trust administration is a complex and often emotional task. Call today to find out how our experts can help with inheritance tax returns and much more.
There are four broad categories of express trust: o Bare trusts – essentially, the assets of the trust are treated as belonging to the beneficiaries and, when they reach 18, they are entitled to have the assets transferred to them. While a beneficiary is under 18, the trustees have control of the administration of the trust assets and ...
Ryan Mills is a trusts and estates attorney in Lansing.
During the period of administration, the fiduciary must provide an annual income tax statement (called a Schedule K-1) to each beneficiary who is taxable on any income earned by the trust. The fiduciary also must file an income tax return for the trust annually. The fiduciary can be held personally liable for interest and ...