Trust Administration
Trusts are a common estate planning tool, but administering them after someone’s passing can be complex. Trustees have significant responsibilities — from managing assets to ensuring beneficiaries receive proper distributions. At Giles Law, we counsel trustees and beneficiaries through every stage of trust administration, ensuring duties are carried out lawfully, efficiently, and with transparency.
What Is Trust Administration?
Unlike probate, trust administration usually occurs outside of court. The trustee privately manages and distributes assets according to the terms of the trust. However, Arizona law requires trustees to act in good faith and in the best interests of beneficiaries — a high fiduciary standard that can expose them to liability if not properly followed.
Duties of a Trustee
- Secure and inventory trust assets
- Notify beneficiaries of their rights
- Manage investments prudently
- Pay valid debts and expenses
- Keep accurate records and accountings
- Distribute property according to the trust terms
Our Services for Trustees
We provide step-by-step counsel to trustees, including:
- Guidance on fiduciary duties and compliance with Arizona law
- Preparation and review of accountings and reports
- Coordination with financial advisors, CPAs, and appraisers
- Risk management strategies to prevent disputes
- Defense against claims of breach of duty
Our Services for Beneficiaries
Beneficiaries are entitled to fair treatment and transparency. We represent beneficiaries by:
- Ensuring trustees fulfill their duties responsibly
- Reviewing accountings for accuracy
- Challenging mismanagement or self-dealing by trustees
- Protecting inheritance rights in trust disputes
Why Choose Giles Law
- Balanced experience representing both trustees and beneficiaries
- More than 50 years of combined probate and trust knowledge
- Practical, compassionate approach with litigation strength if needed