Trust Administration

San Diego Trust Administration Attorney

Once a trust has been established in the legal sense, it must be funded and administered. In addition to creating all manner of revocable and irrevocable trusts, Jones & Kindelan provides a range of trust administration services. These services are designed to ensure compliance with the law and provide for trouble-free operation of the trust.

Typically once a trust is created and funded, the client as trustee administers the trust during his or her lifetime. Upon the death of the settlor, the successor trustee will need legal guidance. We provide guidance to successor trustees faced with these responsibilities, including dividing the trust into multiple trusts (in the case of complex trusts established by a husband and wife) and in the administration of the trust after the death of the settlor.

We assist our clients in the cost effective administration of their trust while making sure that they are in compliance with various requirements for proper administration. Most all revocable trusts become irrevocable following the death of the settlor and it is at this point that trusts become separate tax entitles.

In our many years of trust administration experience, Jones & Kindelan has dealt with most every type of problem that can arise in such situations. Our experience can help you avoid problems so that the trust is administered in a way that fulfills the settlor's objectives and provides the right benefits to the intended beneficiaries. We can also assist the successor trustee in the administration of the trust so as to avoid potential liability for the trustee and to assist in avoiding, minimizing and resolving conflicts between the beneficiaries.

Call 858-259-8221 for a free consultation to discuss your trust administration concerns. An attorney at our firm can review your situation and discuss how we could help you achieve your goals.

A Full Range of Trust Administration Services

Jones & Kindelan can handle all aspects of trust administration as well as advising trustees in reporting and tax compliance matters. We have experience in the creation and administration of charitable remainder trusts and special needs trusts, and can provide advice and services for all other types of trusts as well.

We assist in the administration of California trusts for clients, regardless of where the trustees and the beneficiaries are located. Our clients include both initial trustees and successor trustees. If you reside in another state, or do not live locally in San Diego, this often does not present a problem when administering a trust due to modern communications. Often we have the trustee or successor Trustee use qualified Certified Public Accountants here in San Diego to assist with tax compliance matters but we can also work with your CPA providing he or she is qualified to handle these types of matters.

Our trust administration services include:

Creation of revocable trusts and irrevocable trusts
Identifying and valuing the assets to be included in a trust
Facilitating the transfer of assets to the trust
Preparing and filing all documents including tax returns
Advising trustees with regard to compliance matters
And more

In trusts involving real property, we pay particular attention to structuring trust transactions to minimize the real property taxes owed in California under Proposition 13. Our experience can help both settlors and trustees avoid many common trust administration problems and reduce the possibility of trust litigation.

Properly structured and administered, a trust can be a powerful instrument that preserves assets for the benefits of family members and others whom the settlor designates. Jones & Kindelan will work to achieve your goals through out the planning, implementation and administration of your trust.

For a free initial telephone or e-mail consultation with Jones & Kindelan, LLP in San Diego, California, call 858-259-8221 or contact us online.