Trusts are powerful estate planning tools, but they must be properly administered to ensure the trustmaker’s wishes are carried out and the trust achieves its objectives. It is important to note that failing to properly administer a trust can lead to serious financial and legal consequences for the person charged with administering it. If you have been asked to serve as trustee, you should not take the decision lightly. We can explain the risks to you, and if you decide to serve as trustee, guide you through every step of the process. In addition, we can work with your existing fiduciaries and personal representatives to ensure the trust’s directives are carried out to the letter. If you would rather not serve as trustee, we can help you select the ideal person or persons.
We understand what you are going through during this difficult time and are here to make the process as stress-free as possible. For more information, call 805-230-2930 to schedule a consultation with Westlake Village Trust Administration attorney Martin T. Yarnell. We serve clients in Thousand Oaks, Westlake Village and throughout Ventura and Los Angeles Counties.