Margolis & Bloom attorneys often serve as trustees of their clients’ trusts either when no family members are available to fill the role or to provide professional trustee services as co-trustee with the client, a family member or other trusted nonprofessional chosen by the client. They are also often appointed as successor trustees to serve in the event that the original trustee or trustees can no longer serve for any reason.
Services
When serving as trustee, Margolis & Bloom attorneys and staff provide the following services:
Investments
Margolis & Bloom handles investments in a number of different ways depending on the client’s choice and the size of the trust. These include:
Fees
Our fee arrangements also vary depending on the investment arrangement and the size of the trust, but generally fall into these structures:
Other Services
Tax preparation costs are an additional fee charged by the tax preparer. Also, while the fees described above are all inclusive in terms of the trustee function, the firm will charge the trust its customary hourly rates for related legal work. For example,
Special Needs Trusts
We often act as trustees of special needs trusts for individuals who have one or more disabilities. This also involves more “hands on” work coordinating benefits, planning for future needs, and responding to current needs than traditional professional trustees are ready and willing to take on. However, given our mission we welcome the opportunity to take on this role and to work with families and other care providers going the extra mile for their loved ones.
Contact us today for more information, or call 781-705-6400.
617-267-9700
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508-370-3900
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781-376-0509
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781-355-4144
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