Rowe & Walton PC

Trust Administration Law Firm

Bountiful, Utah Law Firm

Our Professional Team Is Here To Help.

Navigating Trust Administration in Utah with Confidence and Clarity

A thoughtfully constructed trust is a cornerstone of a sound estate plan, designed to protect your assets and provide for your loved ones with efficiency and privacy. However, the actual value of a trust is realized through its administration. This critical process, which begins after the trust creator passes away, involves managing and distributing the trust assets according to the terms established by the creator. For a trustee, this responsibility can be immense, involving complex legal duties and financial oversight during an already emotionally charged time.

At Rowe & Walton, P.C., we recognize the significant responsibility placed on trustees. Since 1963, our firm has served the Bountiful community and clients throughout Utah, offering clear-headed legal guidance grounded in decades of experience. Our approach to trust administration is built on a foundation of integrity and a commitment to demystifying the process, enabling you to fulfill your duties with confidence and accuracy. We are here not just as legal advisors, but as your partners in honoring your loved one’s legacy.

Do you have questions about your role as a trustee? Don’t navigate this process alone. Contact our office today at 801-298-0640 to speak with a knowledgeable member of our team.

Your Duties as a Trustee: More Than Just a Checklist

Serving as a trustee is an active role that carries significant legal and fiduciary responsibilities. It is far more than a simple matter of distributing assets. A trustee must act in the best interests of the trust and its beneficiaries at all times. Failure to do so can lead to disputes and even personal liability.

The attorneys at Rowe & Walton, P.C. provide comprehensive support to trustees, guiding them through every essential step, including:

Identifying and Marshalling Assets: Locating and securing all property, from real estate and bank accounts to investments and personal effects, and legally transferring them into the trust’s name.
Notifying Beneficiaries and Heirs: Formally communicating with all involved parties as required by Utah law, and keeping them reasonably informed throughout the administration process.
Managing Trust Finances: Setting up a trust bank account, paying the deceased’s final bills and ongoing trust expenses, and managing investments prudently.
Filing Tax Returns: Preparing and filing all necessary income and estate tax returns for the decedent and the trust.
Detailed Record-Keeping and Accounting: Maintaining meticulous records of all transactions and providing a formal accounting to beneficiaries.
Distributing Assets: Carefully distributing the remaining trust property to the beneficiaries according to the specific instructions outlined in the trust document.

This process requires a keen eye for detail and a thorough understanding of Utah’s trust laws. Our legal team is here to handle the complexities, allowing you to focus on making informed decisions.

Speak with A Trust Attorney

Contact our team today to learn more.

Proactive Guidance to Prevent Disputes

One of the primary goals of trust administration is to execute the trust creator’s wishes while minimizing conflict among beneficiaries. Ambiguities in the trust document, questions about asset valuation, or disagreements over distributions can quickly escalate into contentious and costly legal battles.

Our experienced attorneys are adept at interpreting complex trust provisions and anticipating potential areas of conflict. We provide proactive counsel to help you communicate clearly with beneficiaries, manage expectations, and resolve disagreements before they fracture family relationships. Should a dispute arise, we are prepared to advocate firmly on your behalf, protecting both you and the integrity of the trust.

Partner with Bountiful’s Trusted Legal Team

At Rowe & Walton, P.C., you don’t just hire an attorney; you gain a dedicated team committed to your success. We blend sophisticated legal knowledge with a personal, community-focused approach. We are proud to help our friends and neighbors navigate these crucial responsibilities with honor and precision.

If you have been named a trustee and need guidance on the path forward, we invite you to learn how we can help. Complete our online contact form to schedule a consultation and ensure your loved one’s final wishes are carried out precisely as intended.

JUST ASK THE ATTORNEYS

Looking for answers to questions about estate planning, elder law, wills, trusts, or family protections?