For some people, a trust is an important part of their estate planning needs. For instance, a person may have young children and want their assets held in trust until they reach the age of majority. These complex tools can help a person avoid the probate process and help them plan for a catastrophic event that could leave them incapacitated. A Tennessee Trust Management Attorney can discuss the options available and help a person find the trust that best fits their estate planning goals.
If a loved one has passed away and made you the administrator of a trust, you may have questions about this process. You may be struggling to come to terms with the death while also trying to manage your responsibilities as the administrator. A Tennessee Trust Management Attorney can help with this process, allowing you to focus on coming to terms with the death of the loved one while the lawyer focuses on administering the trust.
This is important because an administrator may be personally liable if they are in breach of duty as the administrator. A lawyer will work to make sure that your duty is met by settling liens against the estate, ensuring that beneficiaries have received their share, and more.
Our clients are business owners, professionals and individuals in Blount County, Knox County and throughout eastern Tennessee. Burkhalter & Burkhalter also advises clients nationwide on tax law matters. We value a long-term, ongoing relationship with our clients, helping them meet new challenges as their businesses grow and personal circumstances change.