Trust Compliance

Matsen Voorhees LLP reviews trusts drafted by other law firms or in previous years to identify which trusts fail to fund, accumulate, and/or transfer assets tax efficiently according to the client’s goals and/or investment policy statements. Most often the reviews involve trusts owning life insurance policies; however, reviews may also involve grantor deemed owner trusts, beneficiary deemed owner trusts, and myriad other revocable and/or irrevocable trusts. As our attorneys spot areas where a trust may not comply with relevant tax laws, fiduciary standards, or industry best practices, we prepare a value proposition letter (“VPL”) to document the costs and expected benefits related to bringing the trust into compliance.