Denton County Trust Administration

Serving Denton County & Surrounding Areas

Some individuals choose to create a Trust to benefit themselves or their designated beneficiary. They may do this during their lifetime or through their Last Will and Testament. Each trust is governed by the underlying trust agreement and is managed by a trustee. Generally, the trustee is responsible for the collection, management, and distribution of trust assets. While the main source of trustee powers and duties are contained in the underlying trust agreement, the trustee is also bound by the fiduciary duties they have to each of the beneficiaries of the trust. Trustees have fiduciary duties of care, loyalty, and good faith and must manage the trust in a reasonable manner and avoid self-dealing.

The issues a trustee can face can be complex. They can include complex tax matters, unique family dynamics, decisions related to the investment, sale or retention of assets, division between principal and income, and many others.

A trustee should obtain the advice of a qualified trust administration attorney to navigate the complexities of trust administration.

Experienced North Texas Trust Administration Attorneys

If you live in Denton, Dallas, Tarrant or Collin Counties or the surrounding areas of North Texas and need advice as a trustee or you believe that a trustee of a trust is acting contrary to the terms of the trust or is breaching their fiduciary duties,  it is in your best interest to seek the counsel and assistance of an experienced trust administration law firm like the Chenault Law Firm of North Texas. If you are a trustee and you want to defend yourself against these types of false claims of such a breach, it is in your best interest to contact the Chenault Law Firm.

For those who need legal assistance with trust administration issues, give our offices a call at 972.591.0099 or fill out the form on the page below today. The Chenault Law Firm is experienced, compassionate, and proud to provide legal services in Probate, Estate, Trust Litigation, Fiduciary Litigation, Will Contests and more to Texans in the greater Denton area.