For the most part, Trusts are managed or administered outside court supervision (unlike guardianships or estate settlements) leaving the Trustee responsible for the appropriate management and administration of the Trust. Each Trust includes specific provisions that must be followed. This means that a Trustee, in addition to understanding the legal mandates within the Trust document itself, must be aware of the inherent fiduciary duties that are imposed on Trustees such as, the duty to account to the beneficiaries. In selecting a Trustee, you must be mindful of that person’s ability to remain objective, adhere to fiduciary duties, be well organized, and have the integrity needed to supervise the investment strategy, legal, tax, and interpersonal issues that arise.
The following are a sampling of the services offered in trust administration. Whenever possible, I will work with professionals the client currently has a valued relationship with. If necessary, I will make referrals to professional specialists such as CPA's, legal counsel, financial planners, investment advisers, insurance providers and others as needed.
Serving as a Personal Representative or Executor can be overwhelming. Many times, I have told clients that acting as a Personal Representative is much like having a full-time job. The task can be time consuming and many times a thankless task. Losing a loved one can be devastating. Now imagine adding the duties and responsibilities that come with settling an Estate. That is why it is immensely helpful to have an objective professional assist the family in administering the Estate. As a fiduciary, my job will be to manage the affairs of the Estate and relieve the grieving family from this stress.
The following are a sampling of the services offered in estate administration.
A Power of Attorney can be important for many reasons. The most common use for a Power of Attorney is to name someone to act on your behalf to help pay bills and deal with your financials. A Power of Attorney is not a document to take lightly, though. As a paralegal, I would hear the attorney tell the client that the Power of Attorney was one of the most powerful documents that we could prepare. That is why it is important to have a foundation of trust and confidence when naming someone to act as your Agent in a Power of Attorney. My years of experience in the legal field have taught me that the best way to build trust is to be transparent. This means keeping detailed and accurate financial records and making those records available at any time. As a Power of Attorney, I would be mindful of the authority delegated to me and the importance of this responsibility.
The following are a sampling of the duties required by a Power of Attorney.
When an individual or a couple has no family available to help make medical decisions or no one they can rely on to make those decisions, I can help provide that service when the need arises. Duties of a health care surrogate include healthcare decisions, placement choices, or end of life decisions.