Estate and Trust Administration

Estate and trust administration is an essential component of estate planning. When you're ready to appoint a trustee or executor of your estate, we can help. * Gillmore & Wilson, LLC, have several decades of experience assisting Newton, Kansas, area residents with the trust administration process.

The decisions you make when planning can significantly affect your beneficiaries—and we want to make sure they're in good hands. It's important to work with a law firm that understands the intricacies of estate and trust administration and will work hard to protect your interests.

We take great satisfaction in our ability to work with individuals in the Newton community to ensure that their desires are carried out accurately, efficiently, and with respect for everyone involved.

What You Need to Know About Trusts

A trust is a legal tool that can be used to manage and distribute property. It's often used when the individual who originates the trust (the grantor) does not want their estate subject to probate after death. The trustee is the person or entity in charge of the trust's administration. They are responsible for managing assets by the wishes of the grantor.

Trusts are valuable tools for managing money and other assets for beneficiaries. You can also establish a trust to shield property from creditors or keep it from being confiscated by the government. The grantor may modify or discontinue a revocable trust at any time, while only the beneficiaries or a court order may modify or cancel an irrevocable trust.

Estate and Trust Administration Involves Great Responsibility

Estate and trust administration is a very important role, as it involves the management of assets belonging to others. This can include assets that have been transferred by a will or other means. When administering an estate or trust, great care must be taken because missteps could lead to legal issues.

A trustee's responsibilities include paying debts, taxes, and expenses, plus managing investments and distributing income to beneficiaries. They are responsible for ensuring that all terms are carried out as stated in the trust document.

We Can Handle Your Estate Planning Needs

Gillmore & Wilson, LLC has decades of experience aiding families with estate and trust administration and ensuring compliance with state and federal law. We provide comprehensive estate planning services that help protect your family's interests, including the administration and distribution of your estate. We also offer assistance in identifying skilled trustees and investment managers, as well as the drafting of all legal documents to ensure the smooth administration of your estate.

Our law firm is pleased to provide you with the utmost quality of service. Call us at (316) 283-1550 to discuss the trust administration process, or use our online contact form to send a message and set up a consultation.

We serve Newton, Hesston, Sedgwick, Halstead, Peabody, and the surrounding Kansas communities.