Trust Administration

Specialized Services for Law Firms provides trust administration services for those who are no longer willing or able to manage their financial affairs or who wish to have a Successor Trustee assume responsibility for asset management. Our fiduciaries act as trustees of testamentary, special needs, revocable and irrevocable trusts, as well as insurance and charitable trusts both large and small. Our firm has an established succession plan for sole successor trustee and successor co-trustees in order to ensure seamless transitions of trusteeship should an acting fiduciary be unable to serve in an emergency.

We are also experts in the professional administration of trusts under an agency agreement for named Trustees who are out of state, or who wish to engage a professional fiduciary to manage the trust administration on a case-by-case basis.

Experts in Professional Administration

Some of the duties of a professional trustee include:

  • Marshal and manage investments
  • Review stock holdings and confer with brokers and financial planners
  • Secure and value personal and real property
  • Prepare trust-owned asset inventories
  • Create trust accountings
  • Prepare financial reports and consult with accountants and enrolled agents
  • Assist in gathering information for tax return preparation (to be prepared by accountants), real property sales, and rentals and leases, including supervision of repairs and maintenance
  • Post bond, if required
  • Manage businesses held in a trust

Special consideration is given to clients with disabilities who require experts knowledgeable of federal and state rules to secure and protect public benefits. As fierce advocates for our clients’ disability benefits, we stay up to date with the changing rules and requirements of public agencies. We are dedicated to establishing the best possible lifestyle for special needs trust beneficiaries through a team-centered approach involving families, medical providers, and legal professionals.

Please note: preparation of all legal documents, including trusts, is the sole responsibility of an attorney.

Testimonials

Ms. Ocaña has served as conservator for my disabled sister for 8 years. Shelley’s service and assistance on her behalf has been immeasurable. My father and I are my sister’s only family, and we live over two thousand miles away. Knowing that she had a local advocate alleviated our anxiety for her well-being. We have complete confidence that Ms. Ocaña has always acted and made decisions in the best interest and care of my sister. Her administration of responsibilities has been handled with impeccable ethics. We do not know what we would have done without Ms. Ocaña and Specialized Services for Law Firms.

Shelley Ocaña was chosen to be the trustee for my daughter’s inheritance. Recently my husband passed away. The day before he went, our daughter’s augmentative communication device stopped working. This meant that she would have no way to ask questions or grieve. I have been trying to get it replaced for approx six months. I called Shelley’s office in tears. I was worried she couldn’t do anything. I spoke with Jacquelynne, and she had a new device in our house before noon today. I cannot praise them highly enough. Thank you to the Ocaña family.