A trust is a legal arrangement where a “trustee” holds and manages assets for the benefit of designated “beneficiaries.” Trust administration involves the trustee managing these assets according to the terms of the trust document. Unlike probate, a properly funded trust generally avoids the public and often lengthy court process of probate.
Our Las Vegas probate attorneys at Simplifying Probate assist trustees and beneficiaries with all aspects of Nevada trust administration, including:
- Understanding and interpreting the trust document.
- Identifying and managing trust assets.
- Fulfilling fiduciary duties, such as acting in the best interests of the beneficiaries.
- Preparing accountings and providing information to beneficiaries.
- Distributing trust assets according to the trust terms.
- Navigating Nevada trust law and ensuring compliance.
Contact Our Las Vegas Trust Administration Lawyers Today
We provide guidance and support to trustees to ensure they understand their responsibilities and comply with Nevada law. We also represent beneficiaries to ensure their rights are protected and the trust is being administered properly. Call our Las Vegas trust administration lawyers at (702) 800-8354 for a free consultation.