Colorado Springs Trust Administration Attorney
Schedule A consultationWhen a trust’s grantor passes away, it triggers a series of legal and financial responsibilities called trust administration.
This process involves notifying beneficiaries, managing and settling debts, and ultimately distributing the trust’s assets according to the grantor’s wishes.
It can be an overwhelming responsibility—one that typically falls squarely on the shoulders of the trustee.
The intricacies of this responsibility can become even more challenging when legal issues arise, like disputes among beneficiaries or trust contests.
That’s why many trustees turn to professionals like our team at Hammond Law Group to guide them through the process.
Our Colorado Springs trust administration attorney will help you make the right calls and avoid litigation, all while keeping the beneficiaries happy and satisfied.
When it comes to trust administration, trust in those who know the ropes—contact us today.
What is Trust Administration?
Trust administration is the careful inventory, management, and distribution of assets held in a trust following the death of the person who created it (the grantor).
The trustee, the person appointed by the grantor, has the fiduciary duty to carry out these tasks which involves:
- Notifying the beneficiaries of administration
- Identifying trust assets
- Distributing trust income and principal to beneficiaries according to the terms of the trust
- Keeping accurate records and accounting for all trust transactions
- Filing required tax returns and paying taxes owed by the trust
- Communicating with beneficiaries and keeping them informed about the administration of the trust
- Resolving any disputes or conflicts that may arise among beneficiaries or other parties involved in the trust
- Providing a detailed accounting
- Making distributions according to the trust
- Fulfilling any other duties specified in the trust document or required by law
As a trustee, you have an important job to do, and you shouldn’t have to do it alone.
Administering a trust can be challenging, and we know you may not have the time to wade through the details of your legal obligations and responsibilities.
That’s why we’ve built a practice around helping you manage your day-to-day duties as a trust administrator. Our attorneys can help you understand your duties, navigate issues and ultimately administer your loved one’s trust in a way that respects their wishes.
Navigating Trust Contests and Legal Issues
When administering a trust, trust contests and other legal issues can arise, posing challenges and disputes among beneficiaries, trustees, and other interested parties.
Trust contests are legal actions that challenge the validity of a trust or its terms. They typically happen when there are doubts about the mental capacity of the person who created the trust, allegations of undue influence, fraud, or coercion, or when there are inconsistencies within the trust document.
Trust contests and estate litigation can be emotionally charged and complex. As trustee, you hold a fiduciary obligation to act in the best interests of the trust and its beneficiaries.
Reach out to our qualified trust and estate litigation attorneys for help with disputes or contested trusts.
Trust Administration Solutions in Colorado Springs
At Hammond Law Group, we understand that trust administration can be complex, especially if you’re not already familiar with the process. That’s why we’re here to support you every step of the way.
Our lawyers have extensive knowledge of the Colorado Trust Code and are committed to alleviating any concerns you may have.
Here are a few ways we can help you:
- Guidance: We offer guidance throughout the trust administration process, helping you navigate legal complexities and ensuring compliance with all applicable laws and regulations.
- Trustee Duties: Our lawyers can assist you in understanding your responsibilities as a trustee, ensuring that you fulfill your obligations faithfully and efficiently. We also serve as professional trustee for clients when requested by clients.
- Asset Management: We provide comprehensive assistance in managing trust assets, including investment strategies, record-keeping, and tax planning, ensuring the preservation and growth of the trust estate.
- Beneficiary Support: We offer compassionate support to beneficiaries, ensuring their rights and interests are protected and addressing any concerns they may have.
- Dispute Resolution: In case of any disputes or conflicts arising during the trust administration process, our lawyers are skilled in mediation and litigation, striving to find amicable solutions that uphold your loved one’s intentions.
With our friendly and caring approach, we strive to make the trust administration process as smooth and stress-free as possible. Let us be your trusted legal companion during this important journey.
Contact Our Colorado Springs Trust Administration Attorney
Whether you need assistance with trust settlement, asset distribution, or resolving disputes, our dedicated team is here to help.
With our knowledge of trust laws and regulations, we will ensure that your trust is administered efficiently. Contact us now to schedule a consultation and protect your loved ones’ future.
Ask A Question,
Tell Us Your Situation, &
Get A Consultation
Contact Us & We’ll Guide You Through Your Next Steps!
Required Fields*
Your Information Is Safe With Us.
We respect your privacy. The information you provide will be used to answer your question or to schedule an appointment if requested.
Our Practice Areas in Colorado Springs and Denver
At Hammond Law Group, we focus on helping Colorado families build strong, forward-looking estate plans that protect assets and preserve family harmony.
Real Clients, Real Reviews
Getting Started Has Never Been Easier — Attend a Workshop or Webinar
At Hammond Law Group, we believe that the foundation of good estate planning lies in knowledge and understanding. Our approach starts with education. Join our highly informative workshop on wills, trusts, estate planning, and more, where we provide you with comprehensive information to get you started in designing your personalized plan.
By attending our workshop or webinar, you not only … exclusive offer of a complimentary consultation with an experienced attorney
(a $500-750 value).
Our workshops fill up quickly so reserve your seat today.
Your Experienced Estate Planning & Elder Law Advisors
We have a team-centered approach. While each client’s family works with one attorney, our attorneys regularly discuss the design of our plans with each other in order to ensure we’re doing everything possible to help you meet your goals.
In addition, each client works primarily with one paralegal, who gets to know you and your estate plan intimately through the design and
implementation process. The biggest complaint people have about
lawyers is lack of communication, and by working as a team we have
virtually eliminated this complaint for our clients.
Learn more about our family and then let us learn more about yours.
Meet Hammond Law Group Team
At Hammond Law Group, our estate planning attorneys work together to create meaningful, lasting estate plans for Colorado families. Each member of our team shares a commitment to personal connection, clear communication, and compassionate service.
Catherine Hammond
Attorney / Founder
Whitney Hey
Attorney
Misty Parker
Paralegal
Kaylee Beekman
Paralegal
Brian Van Way
COO, Chief Question Officer
Professional Associations
Questions or Schedule A Consultation? Click to Call (719) 520-1474
Questions or Schedule A Consultation? Click to Call (719) 520-1474
Frequently Asked Questions About Estate Planning in Colorado Springs
What Is Estate Planning, and Why Work With an Attorney?
Estate planning is the process of evaluating your situation and goals and designing a plan to ensure things go smoothly when your time comes. It includes preparing the legal documents and instructions that guide how your assets and personal affairs will be managed in the event of your incapacity or passing. A thoughtful estate plan also outlines how your property will be handled, who will make financial and healthcare decisions for you, and how you’d like to provide for your loved ones. It also includes planning for your pets, digital assets, personal property, and many other issues that aren’t covered by legal documents alone.
Working with estate planning attorneys in Colorado Springs and Denver helps you take the right steps from the beginning. At Hammond Law Group, you will find the process clear and approachable. Our attorneys take time to understand your goals, discuss your options, and help you create an estate plan that reflects your wishes. Rather than using one-size-fits-all templates, your documents fit your unique situation, giving you confidence and clarity about your future and your family’s well-being.
What Documents Are Included in an Estate Plan?
A well-designed estate plan includes several types of estate planning documents, each serving a specific purpose. These may include a will , which outlines how your assets will be distributed after death, and a living trust , which allows your property to be managed and transferred without going through probate .
You may also include a financial power of attorney , which authorizes someone you trust to handle your financial matters if you become unable to do so, and healthcare directives that express your medical wishes. Beneficiary designations , guardianship nominations , and advance care plans often play a role as well.
Our estate planning attorneys in Colorado Springs and Denver walk you through each document, explain how they work together, and make sure they align with your personal and family goals. We work with you to prepare a customized, cohesive, and easy-to-follow plan that brings comfort and peace of mind to you and your family.
How Is a Will Different From a Trust?
Both a will and a trust are foundational estate planning documents, but they serve different purposes. A will provides instructions on how to distribute your assets after death, and can name guardians for minor children. It becomes effective only after you pass away, and it typically goes through probate , the court process for validating and carrying out your wishes.
A trust , by contrast, is a legal arrangement that takes effect as soon as it’s created. A living trust allows you to manage your property while you’re alive and determine how those assets are handled after your death. Because assets in a trust are owned by the trust itself, they avoid conservatorship if you become incapacitated and avoid probate when you pass away, saving time, costs, and stress for your family.
Our estate planning lawyers can help you decide whether a will, trust, or a combination of both is right for you, depending on your priorities and the level of privacy and control you wish to maintain.
When Should I Start Long-Term Care Planning?
It’s never too early to begin long-term care planning . Many people start this process while they’re healthy and independent, which allows more flexibility and choice in arranging care options later. Planning ahead can help protect assets, maintain financial stability, and make sure your healthcare directives reflect your personal values.
Our estate planning attorneys assist with preparing strategies for Medicaid planning , retirement planning, and asset management so you can plan responsibly for future care needs. At Hammond Law Group, you’ll learn how to balance medical costs, family responsibilities, and your estate goals, so your loved ones can focus on supporting you rather than worrying about logistics.
Early planning not only provides peace of mind, but also gives you more control over where and how you would receive care in the future.
What Does an Elder Law Attorney Do?
Elder law attorneys help individuals and families go through legal issues that arise with aging. This may include Medicaid planning , guardianship , long-term care , and estate planning matters that protect both your assets and your dignity.
At Hammond Law Group, our team assists elders in Colorado Springs and Denver with compassionate, knowledgeable guidance. You need a firm that takes the time to listen and develop plans that help you maintain independence and financial security while preparing for future care needs. Whether you’re addressing housing options, powers of attorney, or conservatorship, it is possible to simplify complex matters into manageable steps so you can move forward with clarity and confidence.
our Recent Blogs
Hammond Law Group Celebrates 20 Years of Serving Colorado Families
Colorado Springs, CO — Hammond Law Group PC proudly celebrates a major…
What Is the Difference Between a Will and a Trust in Colorado?
You’ve worked hard to create a life you’re proud of, with a…
How Family Secrets Made This Probate Feel Impossible
When Family Secrets Complicate Probate: A Real-Life Case Study Alan Wyatt thought…
Our Locations
Hammond Law Group PC
Colorado Springs, CO
2955 Professional Place, Ste 300, Colorado Springs, CO 80904
(719) 520-1474
(719) 520-1474
Hammond Law Group PC
Denver, CO
865 Albion Street, Ste 250, Denver, CO 80220
(303) 736-6060
(303) 736-6060