A trustee owes the highest obligation to protect the assets in the trust and the interests of the beneficiaries. He cannot divert assets from the trust into his own name, put the assets at risk in any way or otherwise behave in such a manner that interferes with the purpose of the trust as determined by the trust's creator.
Trust Administration and Trustees
A&D Cares provides Trust Administration services for those who are no longer able or willing to manage their financial affairs, or those who wish to have a Successor Trustee assume responsibility for asset management. We are available to act as trustees of testamentary, special needs, revocable and irrevocable trusts, both large and small.
Professional Administration
We also provide professional administration of trusts under an agency agreement for named Trustees who are out of state, or who wish to engage a professional fiduciary to manage the trust administration.
- Marshal and manage investments
- Review stock holdings/confer with financial planners and brokers
- Secure and value personal and real property
- Prepare trust inventories of assets and trust accountings
- Prepare financial reports; consultations with CPAs and accountants
- Tax return preparation (including: real property sales, rentals and leases, supervision of repairs and maintenance)
- Manage businesses held in a trust
All preparation of any legal documents, including trusts, is the sole responsibility of an attorney. Prices can vary depending on the service rendered.
