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Trustee of Trust

"When my dear friend Marie passed away Marilyn became the Successor Trustee of her Trust. I was one of the beneficiaries of Marie’s Trust. From day one, until the final distribution, Marilyn kept us informed and let us know what to expect, was available for clarifications, and when dealing with obstacles and personalities, she was impartial, diplomatic and most of all always professional."

H. Arteaga

Marilyn is qualified to act as Trustee of numerous types of trusts established by one or more persons (the Trustor) including Revocable Living Trusts, Irrevocable Trusts, Educational Trusts, Special Needs Trusts, and Insurance Trusts. As Trustee Marilyn’s primary focus is the management of trust assets for the benefit of and best interests of the trust beneficiaries in accordance with the terms of the trust agreement. These responsibilities may include:

  • Identifying, securing and taking possession of trust assets
  • Managing rental properties held in trust
  • Selling assets as necessary or required
  • Verifying outstanding debts
  • In the event of the trustor’s death, identify and address all of the decedent’s outstanding income tax liabilities
  • Determine applicability of federal estate tax laws
  • Periodically communicate with trust beneficiaries regarding status and progress of trust administration
  • Prepare accountings of the trust’s financial activities
  • Pursuing or defending legal actions involving the trust
  • Addressing other financial, legal and tax issues that might arise
  • Arrange for the distribution of assets in accordance with the terms of the trust