Serving as a Trustee is a serious job, which is why even professional trustees hire a Trust Attorney. As a Trust Lawyer, we advise and protect the Trustee from inception to close. Because we focus only on Trust and Estate matters clients seek our our services throughout Pennsylvania, New York, Florida and New Jersey. Where ever you are located, hiring a real Trust Lawyer makes the trust administration process easy for you.
We are flexible. We have a Trust Lawyer who can help you with one or two issues, or we can take on the entire trust administration process. At our firm, a Trust Attorney is ready to help. Very few practices can provide you that depth of experience. Advising and guiding Trustees is what we do!
We have an experienced Trust Administration Lawyer ready to help you with any task, but Trustees will most often have us help with the following:
Many firms handle Trust Administration matters on a part-time basis. Inexperience is not cost effective. Being that Trust representation is what we do, our experience allows us to focus quickly on the issues that matter. Our focus helps us arrive at the most cost efficient plan. We find the solution to your problem while the others are just warming up.
If you are going to serve as Trustee, then you have taken on a level of personal liability. You are a fiduciary with a duty to the Beneficiary. You can be made to correct any mistake by using your money. Further, any beneficiary has the right to bring you before a judge to explain every action and every expense. This threat of personal liability is why you have the legal right to retain a Trust Lawyer to represent you. The trust pays the bill, but the trust reaps the benefit of efficiency and reduced chance of litigation.
You are not expected to know how to manage every issue that arises. But you are liable if you act upon something you don’t understand when you simply had to hire a professional to assist you. If you fail to retain help and venture out on your own, then you are responsible for your mistakes. Should your error reduce the estate or trust, you are expected to use your funds to repair the damage. If you fail to rectify your error voluntarily, a Beneficiary can force you to explain yourself to a judge. The judge then can Surcharge you. If you are not an expert Trustee, why risk a mistake? Protect yourself; the system allows you to use the estate or trust funds to hire an experienced Trust Attorney.
Banks and Trust Companies serve as professional Trustees. They regularly hire either in-house lawyers or retain Trust Lawyers or Trust Attorneys such as our firm. If professionals refuse to provide services without a Trust Lawyer, why would a non-professional expose themselves to liability and go it alone?
Normally, co-trustees share the same attorney. Circumstances can make that arrangement unacceptable, and each party must retain his or her own attorney.
One co-trustee may feel that the single attorney they initially retained is favoring the other co-trustee when it comes to handling assets or interpreting the trust.
The co-trustees may find that they cannot agree on a matter, which must be decided by the court, and the initial attorney is conflicted out or one party or the other simply wishes to have a more experienced trusts and estates trained attorney represent their position.
Co-trustees my find themselves bargaining with each other and simply feel more comfortable having the advice of his or her own attorney.
Whatever the reason, most wills and trusts allow each trustee to retain his or her own attorney which is paid for from the trust’s assets.
Our attorneys, with vast experience in trust and estate matters, can help advise you and help you avoid traps and pitfalls. If you are currently serving as a trustee, or if you are considering taking on that fiduciary responsibility, contact one of our experienced Trust and Estate Litigation Attorneys to advise and represent you.
Feel free to Contact our office to set up a free consultation. We try to make the process as painless as possible!
Many firms assign Estate and Trust Litigation cases to their young lawyers or a general litigator. This is not cost effective. Being that Estate and Trust Litigation is what we do, our experience allows us to focus quickly on the issues that matter. By being focused, we arrive at the most cost efficient plan. We find the solution to your problem while the others are just warming up.
While some firms litigate, few of them have whole departments focused exclusively on estate matters. At Klenk Law, our Trust Litigators have the luxury of partnering with other lawyers from our Probate or Estate Planning Departments. The depth of experience we can focus on your case is truly impressive. Whatever issue you are facing, our team has the answer.
Our breadth of experience allows us to successfully protect trustees and executors from ungrateful beneficiaries. Whether you are a Trustee, Agent, or Guardian, our skills will best represent your case.
I met Peter soon after he started his practice in Philadelphia, PA. He and his team have always been there for me and my various inquiries throughout my life-changing events, corporate relocations. I have lived in various cities throughout the nation, I have never had a problem in contacting Peter or a member of his team. He and his office responds quickly and returns calls to me to fulfill my requests for information or to revise my estate needs while posing relevant thought-provoking questions that I need to consider to secure my future. One of Peter's best qualities is his ability to answer clients complicated questions in a simple way to ensure comprehension.
Peter has done our family's trust and estate work since our children were born. He is not only extremely knowledgeable and honest, but makes sure that our arrangements remain current with the changing legal landscape. I would give him my highest recommendation as a professional in his field.
Peter and his staff handled all of our needs in a very professional and timely matter.
Great firm. Great people. Happy to refer folks in need to estate planning to Peter and his team. They do great work.
Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.