Corporate Fiduciary Representation
Fiduciaries undertake duties that require them to conduct themselves with a standard of care, good faith, prudence and loyalty to the beneficiaries of the wills, trusts, or other governing instruments. Fiduciaries appointed as trustees or executors are held to a very high standard of conduct. We counsel corporate and individual fiduciaries on a wide variety of matters. We are experienced with counseling fiduciaries to handle these issues including dealing with estate and trust beneficiaries, as well as tax planning and the various tax issues that may arise during an estate or trust administration.
Klug Counsel represents both professional and nonprofessional fiduciaries, including banks and trust companies in all matters relating to trust administration and certain estate administration. We have experience representing fiduciaries to assist them in carrying out their duties in trust and estate administrations including complex administrations. Our team advises fiduciaries from start to finish, including assisting them with administration, ensuring that proper notices are provided, and advising the fiduciary regarding marshalling assets, proper accounting methods, and distributions to beneficiaries both during administration and, where applicable, upon termination.
Klug Counsel advises fiduciaries as to a wide arrange of tax matters that arise during probate and the administration of trusts (domestic and international), both revocable and irrevocable. Our team has extensive knowledge of the tax forms that are required to be filed with federal, state, and local tax authorities, and are highly experienced in navigating issues with tax authorities (including international issues and withholding taxes).