Advice to Fiduciaries

RWA’s team of professionals is ready to bring to bear their experience and skills on issues you may face when serving as a fiduciary or dealing with one.

Advice to Fiduciaries

If a family member or friend has asked you to serve as trustee, you can turn to RWA for advice about your role and for help in carrying it out.

RWA’s team of professionals can provide advice about your responsibilities and can help with the administrative and tax reporting obligations the position entails. The firm can also advise about other fiduciary roles, such as serving as personal representative of a decedent’s estate, conservator or guardian of an incapacitated person, or attorney-in-fact under a durable power of attorney.

RWA has a long-standing tradition of providing advice to fiduciaries. Our professionals have also made significant contributions to the laws governing the relationship between beneficiaries and fiduciaries that have brought greater certainty and workability to these rules.

Answering Questions of Trust

One particular focus of RWA’s fiduciary practice is dealing with unusual or difficult questions of trust administration. Sometimes a trust instrument is unclear as to the identity of the beneficiaries. For example, can adopted persons share in a distribution meant for “issue”? Other times the language is clear, but because of changed circumstances the terms of the trust no longer make sense for the beneficiaries. For example, a trust might contain antiquated investment restrictions, or it might contain outdated restrictions on who might be eligible to serve as a trustee. RWA’s professionals have practical experience solving these kinds of problems, and are particularly well versed in the multiple avenues modern trust law provides for modifying trusts..

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