{"id":1424,"date":"2023-08-21T13:01:05","date_gmt":"2023-08-21T20:01:05","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/probate\/?page_id=1424"},"modified":"2024-04-10T17:17:10","modified_gmt":"2024-04-11T00:17:10","slug":"mesa-trust-administration-attorney","status":"publish","type":"page","link":"https:\/\/www.jacksonwhitelaw.com\/probate\/mesa\/mesa-trust-administration-attorney\/","title":{"rendered":"Mesa Trust Administration Attorney"},"content":{"rendered":"
Arizona trust administration is a process that is triggered upon the death of a person who had created a trust. Unlike a will which provides simple instructions on how to distribute property to beneficiaries upon the death of a decedent, a trust is a complex legal arrangement that allows a trustee to hold assets on behalf of beneficiaries.<\/p>\n
If your loved one has passed and you need assistance handling their trust, count on the Mesa trust administration attorneys at JacksonWhite to provide comprehensive trust administration services.<\/p>\n
Trustees play a critical role in the management and distribution of a trust. When creating a trust, there are three main parties involved:<\/p>\n
Trustees are tasked with making financial, legal, and administrative decisions to protect assets within the trust. A trustee must ensure that funds and assets are available for the purpose that they were intended for, such as to be given to beneficiaries or charities.<\/p>\n
Some essential duties of a trustee include:<\/p>\n
A trustee is responsible for filing tax returns on behalf of the trust. This may require the trustee to contact the Internal Revenue Service (IRS) to obtain a taxpayer identification number.<\/p>\n
The trustee must identify and locate each asset listed in the trust. This process may require the trustee to obtain important documents for certain assets, such as a title or deed.<\/p>\n
In addition to identifying and locating assets, the assets must be valued to ensure that the appropriate taxes are paid.<\/p>\n
The trustee becomes the new owner of any assets placed in the trust. This means that deeds for homes or titles for cars should be updated to reflect the trustee\u2019s name.<\/p>\n
Some trusts are set up to allow beneficiaries to receive payments. In this instance, the trustee is responsible for making these payments.<\/p>\n
In Arizona, trustees have many fiduciary duties, such as preserving trust funds, transferring assets to beneficiaries, and complying with state and federal laws. Due to the complexity of trust administration, many trustees rely on an experienced trust administration attorney.<\/p>\n
Ryan\u2019s understanding of probate law<\/a>, experience in the field and commitment to the services to his clients set him apart as one of the top probate attorneys in Mesa, Arizona. Ryan has over 10 years of experiencing practicing probate law in Arizona, and has helped hundreds of clients over the past decade deal with a wide array of probate matters.<\/p>\n To learn more about Ryan Hodges,\u00a0click here<\/a>.<\/p>\n Our Mesa office is located on the northwest corner of Pepper Place and center street. We are conveniently located one mile from the Mesa Municipal Court, Mesa Arts Center, and Downtown Mesa. Our building is one block north of the LightRail station off of Center Street and Main.<\/p>\nOur Mesa Trust Administration Law Office<\/h2>\n