Trust Administration

A trust is a legal entity that can “own” assets. There are different kinds of trusts: testamentary (created in a will after someone dies); irrevocable (usually cannot be changed); revocable living trust (these can be changed and are typically used for tax purposes and to avoid probates); and special needs trusts (allow you to receive government benefits while still receiving funds for budgeted items). 


A Trust estate may include assets such as personal property, real property, and investments. The Trustee manages the assets that are held in the trust and controls disbursements to the beneficiaries. The Trustee is responsible for protecting the assets and ensuring that they are used according to the instructions of the trust instrument. A Trustee's highest obligation is to follow the intent and terms of the trust, protect the assets in the trust and ensure the rights of all beneficiaries are considered while managing the trust. 


CBGS can be appointed by the person or persons creating the trust, or by the court.  We have been acting as a Trustee since 1993 and are experienced in managing all types of trusts. We stay up to date on rules and regulations governing different types of trusts to ensure your document stays effective. Naming CBGS as a neutral party to manage your trust can help avoid family conflict that can arise when a family member is named as Trustee. CBGS can also aid less experienced Trustees in maintaining accurate records in order to report to the court and/or beneficiaries of the trusts they manage.

ACTIONS TABKEN BY A TRUSTEE INCLUDE, BUT ARE NOT LIMITED TO:

Bill Payment

Purchasing Personal Items

Locating Housing

Locating Housing

Purchasing Personal Items

Locating Housing

Purchasing Personal Items

Purchasing Personal Items

Purchasing / Selling Vehicles

Purchasing / Selling Vehicles

Purchasing / Selling Real Property

Purchasing / Selling Vehicles

Purchasing / Selling Real Property

Purchasing / Selling Real Property

Purchasing / Selling Real Property

Assisting with Government Forms

Purchasing / Selling Real Property

Purchasing / Selling Real Property

Facilitating Maintenance of Real Property

Annual Reporting to Beneficiaries and/or the Court

Facilitating Maintenance of Real Property

Facilitating Tax Preparation and Reporting

Annual Reporting to Beneficiaries and/or the Court

Facilitating Maintenance of Real Property

Annual Reporting to Beneficiaries and/or the Court

Annual Reporting to Beneficiaries and/or the Court

Allocating Distributions to Various Beneficiaries per the Trust Terms

Allocating Distributions to Various Beneficiaries per the Trust Terms

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Allocating Distributions to Various Beneficiaries per the Trust Terms

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Overseeing Assets Managed by Investment Advisors

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Assisting Beneficiaries with Budgets and Making Appropriate Expenditures per the Trust Terms

Including the review of investment proposals, rates of return, fees, interest, etc.