If you are looking for help with private trustee services, look no further than The Law Office of Paul Black. We can help you. Book an appointment with us now.
The Law Office of Paul Black – Private Trustee Services
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So you have established a personal trust, and now you must appoint a trustee to administer it.
You may have considered appointing one of your beneficiaries, a friend, or a relative to manage your trust estate. However, beneficiaries and relatives may not always be the right choice.
Managing trusts might be too complex for a family member, relative, or friend, especially those with full-time jobs and other responsibilities. Often, legal and investment management skills and fiduciary expertise are required. Moreover, beneficiaries may have competing interests, and family conflicts can arise. And then, there are issues of privacy and confidentiality.
For these reasons, many trust grantors choose to appoint a private, professional trustee to administer their trust according to their estate plan and will.
If you are looking for a private trustee in Georgia, the Law Office of Paul Black can help. Our estate planning lawyer can execute your trust professionally, impartially, and confidentially.
You haven’t set up your trust yet? We can advise you on how to set up a revocable or irrevocable trust and help you appoint a trustee.
Benefits of Private Trustee Services
A private trustee service provider has the skills, experience, and knowledge to honor the trust agreement and the grantor’s wishes.
Here are some benefits of appointing a private trustee.
Confidentiality around trusts and their management is critical. If you choose to contract the trustee services of an estate lawyer, you will benefit from the added layer of legal support and confidentiality, as lawyers are ethically and legally bound to the highest standards of client confidentiality.
At the Law Office of Paul Black, we are committed to maintaining the confidentiality of your trust at personal and professional levels.
Because your private trustee provider is not a trust beneficiary, they can administer and distribute your trust assets objectively and impartially.
If we have drafted your trust, we are in a great position to interpret and execute it in line with your wishes.
Estate planning attorneys are experienced in all matters related to trust administration. They are familiar with estate administration laws and the potential problems with trusts that can arise. Therefore, they have the knowledge and expertise required to ensure the proper management of your trust.
Experienced estate lawyers are also good at conflict resolution. Hopefully, no conflicts will arise around your trust assets and administration. However, should this be the case, we are well-situated to resolve the conflict and protect your trust.
Trusts are often established to ensure the continuity of wealth and legacy. As your private trustee, we can manage your trust for as long as the trust agreement allows.
Other benefits of hiring a private trustee include the following:
Minimizing conflicts of interest
Providing more freedom and independence in trust administration
Direct involvement of experienced professionals in managing the trust