Informative Masterclass
How To Protect Your Assets From The Nursing Home And Ensure That Your Loved One Receives The Care That They Need And Deserve.
Save Your Spot Now!
(610) 467-9993
Watch Our Webinar
Home » Trust Administration
Curran Estate & Elder Law, PLLC
Schedule time to Talk with our Team Today

Trust Administration Attorneys in Berks County, PA

Planning for the future can be stressful and time-consuming, but it’s something that everyone will need to do sooner or later. Unfortunately, many people falsely believe that you don't need to start estate planning until you’re older—but this can actually end up making the process even more complicated. By talking with an experienced estate planning attorney early on, you can get a plan in place now that can then change and adapt with you as you age and as your family grows.

While everyone’s estate plan will look a bit different, one of the most effective documents you can have is a trust. But what does this look like in practice and how can it best serve your needs? At Curran Estate & Elder Law, PLLC we can assist you with every step of forming a trust and explaining how it will be administered after your passing. If you’re in the Reading, Pennsylvania area or in Berks County and the neighboring counties of Schuylkill, Montgomery, Lancaster, Chester, and Lebanon, call us today to schedule an appointment.

Trusts in Pennsylvania

A trust is a legal estate planning document that allows you to transfer certain assets out of your name and put them under the name of an appointed trustee. As the trustor, you still have control over the trust and the assets within it, but the right to hold the title is now under the name of your trustee who will administer the trust after you pass (ie. distribute assets to your beneficiaries).

Trusts have a number of benefits compared with a traditional will. Like a trust, a will allows you to name beneficiaries who will receive your assets—but a will must also go through the lengthy legal process of probate. Probate is the process where your will is “proved” in court and this can take several months to a year to complete. Trusts avoid probate since you’ve already transferred ownership of your assets and a court does not need to intervene. This can save your administrator and beneficiaries time and money and generally leads to an easier transition.

Trusts also remain private after you pass, unlike wills. When a will goes through probate, its contents become available to the public so anyone who requests access will be able to see everything that’s in it, including details about your wealth and estate.

The Role of the Trustee

Perhaps one of the most important decisions you’ll have to make when forming a trust is who to name as your trustee. So what should you look for when picking a trustee and what will they be responsible for doing?

Your trustee has a big job, so you want to choose someone who’s organized and responsible, and someone who will carry out your wishes as laid out in the trust. This can be an individual you know and can depend on like a friend or family member, but you can also name an attorney or corporate trustee like a bank or trust company to fill the role. Your trustee will be responsible for identifying and notifying your beneficiaries, paying any administrative expenses (which is typically done using the assets in trust), notifying creditors and paying any outstanding debt, distributing assets according to trust provisions, preparing taxes and paying any back taxes, and creating a reserve fund for any unforeseen expenses.

Common Trust Administration Issues

With any legal document, the more time and effort you put into it on the front end, the fewer problems you’ll have down the road. Even so, there are potential issues that can come up during the trust administration. Here, the role of the trustee becomes even more important as they’ll have to address these concerns using their best judgment along with your previously-stated wishes.

Probably the most common issue occurs when a beneficiary suspects or accuses the trustee of mismanagement of the assets. Unfortunately, this can lead to family in-fighting about the estate. This could lead to a beneficiary demanding funds before the trustee is ready to distribute them, contesting the trust, or questioning the authority of the trustee altogether. Other problems may come up if there are provisions or terms within the trust that are outdated or void. Many trustees choose to hire a trust administration attorney to help them through this time and navigate these issues.

trust administration

Trust Administration Attorney in Berks County, PA  

No matter where you’re at in your estate planning, at Curran Estate & Elder Law, PLLC, we have experienced attorneys who are ready to help. We can assist you whether you’re starting from scratch and just want to discuss your options, already have a trust in place and need to make changes, or if you’re the named trustee and need legal support administering the trust. From our office in Berks County, we’re proud to serve those throughout Pennsylvania. Set up a meeting today.

A Team That Truly Cares

Our attorneys take pride in helping you make the right decisions for your family and your future.

Schedule time to Talk with our Team Today

Client Success Stories

This law firm helped our family with a complicated situation of one parent in a nursing facility and the other parent living at home. Thank you so much for your help and compassion..
Maidmariondesign
Maidmariondesign
January 6, 2024.
I can not say enough about how thankful my brother and I are for the help we have received from Susan, Lois and Sean for our elderly Aunt. When we first met with them, our Aunt was in the process of moving from an independent living situation into personal care. To our dismay, the care she received after this move was extremely inadequate and bordered on neglect. Susan spent hours helping us find and set up appointments with several other personal care facilities and we were able to move her within a week and a half. Once she was settled in, Lois worked with our Aunt to make sure her will and living will were up to date. Susan and Lois were so caring and patient with both our Aunt and ourselves, they made a very stressful situation much easier to handle. Sean has also been a huge help as we navigate selling our Aunt's property. We have been extremely satisfied with all aspects of guidance and services provided for the care of our Aunt.
Tammy Taylor
Tammy Taylor
December 12, 2023.
Recently, I had some concerns around elder law and Sean walked me through of all them, in detail, and helped me understand what to expect in coping with the cost of providing care to an aging parent. The matter was handled with the utmost empathy and professionalism and I would highly recommend their offices to anyone.
Olivia Jaindl
Olivia Jaindl
December 6, 2023.
I cannot express how grateful I am to Rose and Angela for all of their hard work during the estate/probate process! They were so diligent yet caring, professional yet approachable. They were always there for questions - of which there were many - and concerns. This is the team of wonderful ladies you need to help with your estate planning and probate - HIGHLY recommend them!
Kelly Carbonara
Kelly Carbonara
November 13, 2023.
The staff is always extremely pleasant and helpful. Rose Kennedy does a fabulous job of taking the time to explain everything, more than once if need be, and willing to answer any questions.
Lisa Care
Lisa Care
September 1, 2023.
They were very kind and helpful to my brother and me. They took the time to review our situation and offered us options. Highly recommend their services!!! Thanks. 😎
Kurt Manderbach
Kurt Manderbach
September 1, 2023.
This lawfirm is excellent. They are so knowledgeable and experienced in estate planning. Sarah at the front desk is responsive, welcoming and helpful. Rose Kennedy is a top notch attorney with a strong attention to detail, very knowledgeable in her field, great at presenting information in an easy to understand manner and very compassionate. We highly recommend Curran.
Leo and Lily
Leo and Lily
August 22, 2023.
When my father passed away in March 2022, I had never lost an immediate family member, and I was unprepared for the deluge of paperwork that followed. I also was not prepared for the way that grief would make simple things extra difficult. Luckily, my dad had set up a trust with Sean Curran’s guidance in 2016. It not only protected his assets, but it allowed us to work with Rose Kennedy and Angela Young for the estate administration. I truly do not know what we would have done without the kindness and guidance of Rose and Angela. I will never forget talking with Rose from the bathroom of my dad’s hospice room. It was far past office hours, but she was calmly determined to help me understand what steps I needed to take next. She even texted me after the call with detailed instructions in case I was unable to remember because of my emotional state. My gratitude for her compassion and patience continued to grow throughout the following year as she and Angela continuously went above and beyond to help us with every challenge that arose as we sold our dad’s house, filed inheritance taxes, and encountered numerous other tasks that I never could have figured out without their step-by-step guidance. I will always have a special place in my heart for the calmness that Rose and Angela brought me throughout the overwhelming and emotional process of losing a parent. Every person I’ve encountered at Curran Estate and Elder Law has been professional, helpful, and kind. I can’t imagine going through this process without their support and wisdom. Thank you!
Cindi Delinsky
Cindi Delinsky
July 29, 2023.
Curran Estate & Elder Law handled my fathers estate for me. They were incredibly helpful and answered all of my questions. I did very little, everything was completed by them. I would strongly suggest if your looking for an Attorney to handle your parents affairs, give Curran Estate & Elder Law a call!
KIM STRICKER
KIM STRICKER
July 26, 2023.
I would highly recommend Curran Estate Elder Care. They guided and helped with our estate planning, protection of assets, writing of our wills, power of attorney documentation and also care management for my spouse. They offer a great support system. Great people to work with.
Lil Myers
Lil Myers
July 20, 2023.
Curran Estate & Elder Law, PLLC

1212 Liggett Ave.
Reading, PA 19611

Get Directions
Powered by imsrocks.com
Powered by
camera-videophonechevron-downcross-circle