Nevada Trust Administration Lawyers
A trustee’s fiduciary obligations to a beneficiary are significant. To effectively act as a trustee, counsel from a lawyer is likely required. Our Nevada law firm offers high-quality legal counsel for clients with regard to estate and trust administration matters.
At Solomon Dwiggins Freer & Steadman, LTD., we are focused on providing competent, personalized legal counsel to our clients. We have successfully represented a wide range of clientele in the legal practice areas of trust and estate litigation, trust and estate administration (probate), estate planning, asset protection and business litigation.
Effective Counsel for Trustees
A trustee must use a significant amount of care and diligence when performing and fulfilling his or her duties. This includes a duty of loyalty and full disclosure, as well as a duty to diversify assets, invest prudently and to deal impartially with the beneficiaries. By working with an experienced lawyer, you can become educated about the fiduciary duties in accordance with Nevada law.
At Solomon Dwiggins Freer & Steadman, LTD. we assist trustees with a wide range of matters, including:
- Inventorying Assets
- Seeking Court Approval With Regard to Interpretation and Enforcement of Trust Provisions
- Valuing and Allocating Assets Upon the Death of a Settlor or Grantor
- Preparing Fiduciary Tax Returns, Including Estate Tax Returns
- Preparing Accountings to Beneficiaries
- Resolving Creditor Claims
- Distributing Assets to Beneficiaries
- Resolving Tax Controversies
- Reforming Trusts
Our tax attorneys can also work closely with accountants and appraisers to file fiduciary income tax returns and any required estate tax returns, as well as provide accountings to beneficiaries.
Recent Legislative Changes
Nevada law titled the Notice of Proposed Action now allows trustees to obtain beneficiary consent on certain measures and protect fiduciaries, which can reduce trust administration costs. The lawyers at our firm can provide advice about the advantages of this recent change in legislature.