Trust Administration

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Culp Elliott & Carpenter’s attorneys have extensive experience in matters relating to the administration of trusts. We help our clients navigate ever-changing circumstances, both personal and legal, to effectively administer trusts across generations. We have the tax and legal knowledge to find practical and creative solutions to complex and unusual situations involving trusts.

We Provide:

Federal and state income tax planning and reporting for trusts
Passing capital gains incurred at the trust level out to beneficiaries
Planning to avoid or minimize the net investment income tax
Modifications of existing irrevocable trusts through judicial and non - judicial means
Decanting assets from irrevocable trusts
Rights of trust beneficiaries
Obligations and responsibilities of trustees
Trust record keeping and reporting
Trustee succession issues