West Michigan Trust Administration
 |
 |
 |
Grand Rapids and Kalamazoo attorneys with a professional approach to trust law
The trust lawyers at Willis Law, Attorneys & Counselors, are familiar with both simple and complex uses of trusts in estate planning.
Appointing trustees
If you decide to set up a trust, you should appoint a dependable person to serve as the trustee. You should make sure the person you select is willing and able to take on the responsibilities of being a trustee. Qualities to look for when choosing a trustee include the following:
- Ability to represent your interests fully
- Absence of a conflict of interest
- Confidence to handle challenges against your estate
- Basic facility with financial matters
- Personal time to dedicate to your trust administration
Willis Law, Attorneys & Counselors, provide advice on the selection of a trustee, and offers guidance to chosen trustees about their fiduciary obligations. Their trust attorneys also serve as trustees when requested.
Business transfers
Trusts can be useful in transferring a business upon the owner's death. Willis Law, Attorneys & Counselors, strive to ensure the smooth transition of a business to a person's heirs, and minimize the time and expense associated with probate. The firm knows the rules and regulations associated with transferring a business:
- Settling outstanding affairs of the business
- Closing the business accounts
- Liquidating business properties
- Transferring assets to heirs
Willis Law, Attorneys & Counselors, have experience as business owners, and as executives of multimillion-dollar companies (measured in revenue or assets). Michael J. Willis is also a certified public accountant (CPA). Upon request, the firm manages your family's business and hires money managers to handle your estate's liquid assets.
Duties of a trustee
When you are appointed as a trustee, the trust lawyers at Willis Law, Attorneys & Counselors, guide you through the administration process. They help you keep up with all of your fiduciary duties:
- Inventorying and valuing the assets of the trust
- Paying creditors of the estate and trust
- Identifying and distributing property to trust beneficiaries
- Handling tax issues related to the trust
- Preparing annual trust accounts
Get advice from a seasoned Kalamazoo or Grand Rapids estate and trust lawyer
Trust administration can be overwhelming without experienced legal counsel. To get legal advice on trust administration from an estate attorney in West Michigan, call us toll free at 866-473-5636 or please contact Willis Law, Attorneys & Counselors.
