Culp Elliott & Carpenter’s attorneys have extensive experience in matters relating to the administration of trusts, ranging from the routine to the highly sophisticated. We have the tax and legal knowledge to find practical and creative solutions to complex and unusual situations involving trusts.

In addition to providing advice on the benefits of using trusts for the protection and transfer of wealth in our estate planning practice, we regularly counsel clients on issues involving:

  • 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 recordkeeping and reporting
  • Trustee succession issues