Practice Areas
Trust Administration
Carolina Family Estate Planning is committed to assisting families with trust and living trust administration. We focus on the efficient administration of trusts for our clients. We can help you with trust tax returns, trust management, and protection of assets.Benefits of Trusts
A trust has many benefits. For a single person, a trust avoids probate and avoids the need for a conservatorship if the person is or becomes incapacitated. For married people, a trust can have the above benefits, plus it can reduce estate taxes at death. Further, a trust can be administered quickly. A trust can be administered within weeks, whereas probate can take 9-18 months, sometimes longer.
Our Services
We can accomplish the following variety of duties without unnecessary delay and with utmost respect for your personal privacy and your family relationships.
- Identification, collection, and determination of values of assets
- Payment of all debts, expenses, and taxes from estate and trust assets; and submission of regular accountings
- Advice as to disposition of jointly held assets, life insurance, and retirement benefits that pass outside a will or trust
- Preparation of state and federal, gift, generation-skipping transfer, and gift tax returns
- Notifying all heirs and beneficiaries of the trust
- Communicating with beneficiaries
No matter how complex the trust administration process may be, we will be here to guide you every step of the way. We will maintain regular contact with you and your family to keep you up-to-date on every development, (919) 443-3035.