Trust Administration

It is common for families of significant wealth to use long-term or perpetual trusts to provide for future generations. However, with the use of these vehicles comes the need to administer them according to the rules set out in the trust themselves and the state laws governing them.

Paul guides families through this process addressing areas such as:

Trustee selection and the fiduciary responsibilities that go along with trusteeship.
Jurisdictional selection to afford the family maximum flexibility and tax efficiency.
Beneficiary reporting and information requirements.
Tax compliance and reporting requirements.