TRUST ADMINISTRATION
The creator of a trust (known as a grantor) appoints a person or institution (the Trustee) to manage that person’s affairs upon death, disability, or resignation. The Trustee must be a responsible steward of funds and make distributions to beneficiaries by the terms of the trust.
If you are named a Trustee in Orange, Chatham, Lee, or Durham counties in North Carolina, it can feel like a daunting task. We can help you through the process and offer caring, efficient and effective advice from beginning to final distribution. We can assist you in understanding your duties, liability, the requirements of the trust, and the requirements of the law.
Trusted Third-Party
Managing a trust can be time consuming, and sometimes it makes more sense to hire a third-party to handle all the details. Averett Family Law can help you administer a trust for an incapacitated beneficiary or a loved one who has passed away.
When appropriate, one of our attorneys can serve as the Trustee. In these cases, we work with you to develop and execute a comprehensive plan to follow your wishes for the trust funds.