Potential clients of Crawford & Crawford, LLP, Attorneys at Law, often ask our law firm to advise them in their role as trustee after a family member has died. Our Raleigh trust administration attorneys welcome the opportunity to be of assistance to families both in and outside of North Carolina.
Trustees typically need guidance on how to be sure to fulfill their fiduciary duties properly through the process of administering a trust. Often, a trust will have specific requirements such as a stipulation that the funds for a grandchild cannot be dispersed until that grandchild turns 21 or begins higher education. The trustee must follow certain procedures to verify that the stipulations are met as written in the trust.
Trust administration is usually less expensive and less time-consuming than probate. Other assets may also fall outside of the probate process, such as life insurance proceeds or 401K assets. Our attorneys work closely with trustees and other family members to ensure that the transfer of assets is completed properly and in a timely manner.
North Carolina Living Trust Lawyers
Trusts are not only used for the transfer of assets after death. Many people use living trusts to facilitate an orderly transfer of assets while they are still living. A grandparent may set up an educational trust or special needs trust, for example, which will fund their grandchildren's education or care while removing the "gimme" aspect of a valued family relationship. A trustee will handle the money according to rules of the trust, which streamlines and simplifies the passing of wealth from one generation to another.
Talk to one of our Raleigh trust administration attorneys to learn how we can help you establish a trust, administer a trust or take a will through probate in North Carolina on your behalf.
