PROFESSIONAL FIDUCIARY SERVICES

A fiduciary is a person who stands in a position of trust with you (or your estate/trust after your death) and your beneficiaries.

Estate plans typically include various fiduciary roles: agents under power of attorney, executor of a will, trustee of a trust, and trust advisors.   Though each of these fiduciary serves a specific purpose, they all have a duty to act in the best interest of you and your beneficiaries.

In designing your estate plan, the naming of fiduciaries should be well thought-out to meet your legacy objectives.

A professional trustee, such as Conway & Pannell, PLLC, can be the solution to a wealth of challenges faced by families after the incapacity or death of a loved one.  Conflict within families comes to the surface or is heightened during times of grief.  Blended families, or families with beneficiaries that have special needs face specific challenges and sensitivities.  To be successful, a trustee must appreciate and understand the dynamic within a family and have an understanding of the objectives and instructions sought to be met by the estate plan.  The trustee must also have a clear understanding of the various legal strategies and income, estate and gift tax implications of various actions that might be undertaken during a client’s incapacity or upon a client’s passing.

Engaging Conway & Pannell, PLLC, as a fiduciary ensures that the implementation and administration of your estate plan will be handled by a trust advisor that will keep the best interests of you and your beneficiaries in mind, while providing the legal and technical guidance and counseling to make sure your wishes are carried out in the most efficient and cost effective manner, and with the least amount of conflict between family members.