CONNELLY LAW
Serving Rhode Island, Massachusetts and Connecticut
401-724-9400
Southern New England's Certified Elder Law Attorney
Rhode Island, Connecticut, and Massachusetts Certified Elder Law Attorney
Trust Administration
What is a Trust Administrator?
Trust administration is an essential process for managing and distributing assets in accordance with a trust's terms. Whether you are establishing a trust for your loved ones or navigating the complexities of an existing one, the right guidance ensures your intentions are honored and your beneficiaries are protected. Effective trust administration provides peace of mind, minimizes disputes, and ensures compliance with all legal requirements.
A trust administrator is a dedicated individual or professional entity responsible for overseeing the management of a trust. Their core responsibilities include safeguarding trust assets, ensuring timely and accurate distributions to beneficiaries, maintaining meticulous records, and fulfilling all legal and fiduciary obligations. The trust administrator acts as a steward, serving the best interests of both the trust creator (the grantor) and the beneficiaries throughout the life of the trust.
Types of Trust
Trust administration encompasses a range of specialized services tailored to different needs. These types of trusts include:
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Revocable Trusts: These trusts can be modified or revoked by the grantor during their lifetime, offering flexibility and privacy in asset management.
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Irrevocable Trusts: Once established, these trusts cannot be altered, providing greater asset protection and potential tax benefits.
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Special Needs Trusts: Designed to support individuals with disabilities, these trusts preserve eligibility for public benefits while ensuring supplemental care and quality of life.
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Testamentary Trusts: Created through a will, these trusts take effect upon the grantor’s passing and are often used to manage assets for minor children or dependents.
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Charitable Trusts: Structured to support philanthropic goals, these trusts provide ongoing funding to charities while offering potential tax advantages.
Professional vs Family/Friend Trustee
Choosing the right trustee is a critical decision. While appointing a family member or friend may seem appealing due to personal familiarity, it often places significant emotional and administrative burdens on loved ones. Non-professional trustees may lack the experience required to navigate complex legal, tax, and investment matters, potentially leading to costly mistakes and family conflicts.
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In contrast, a professional trust administrator brings objectivity, specialized knowledge, and a strong fiduciary commitment. Professionals are equipped to handle complex trust structures, ensure compliance with evolving laws, and deliver impartial decision-making. This approach not only protects the interests of all beneficiaries but also preserves family relationships by removing potential sources of tension.
Trusting Connelly Law
At Connelly Law, Attorney RJ Connelly III and his team offer decades of proven experience in trust administration. Their comprehensive services are designed to address each client's unique needs, combining legal acumen with compassionate support. Connelly Law assists with the creation, implementation, and ongoing management of all types of trusts, including revocable, irrevocable, special needs, and charitable trusts.
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The team's expertise includes asset inventory and valuation, beneficiary communications, tax compliance, trust accounting, and dispute resolution. By entrusting your trust administration to Connelly Law, you gain access to a dedicated team that values transparency, integrity, and personalized service. ​By choosing an experienced professional like Attorney RJ Connelly III and the team at Connelly Law, you can rest assured that your trust will be managed with excellence, compassion, and integrity. Contact Connelly Law today at 401-724-9400 to learn more about their trust administration services and how they can help secure your family’s future.
Rhode Island, Massachusetts, and Connecticut Certified Elder Law Attorney
Contact Us!
"The trustee has many duties and responsibilities in the administration of the trust that must be undertaken to fulfill the trustee’s fiduciary duty to the trust's beneficiaries. It's important that the trustee consults with an experienced trust administration attorney to avoid potential personal liability for failing to fulfill the duties and responsibilities assumed by the trustee upon accepting that position. Call us today!"
--- RJ Connelly III
"Southern New England's Certified Elder Law Attorney"
Call Connelly Law Today
Rhode Island Elder Law Attorney
Phone: 401-724-9400
Fax: 401-724-3046
Our office locations
Connecticut
Broadway Street
Mystic, CT 06355
860-440-7600
Rhode Island - Main Office
372 Broadway
Pawtucket, RI 02860
401-724-9400
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Massachusetts
Martha's Vineyard
East Chop, MA 02557
508-316-2396
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This website includes general information about legal issues, issues affecting seniors and developments in the law. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and must not be taken, as legal advice on any particular set of facts or circumstances. You need to contact a lawyer licensed in your jurisdiction for advice on specific legal issues and/or problems.