What We Do

Professional Trust Administration

Northern Virginia Attorneys

Professional Trust Administration

When planning their estates, many of our Virginia clients decide to establish trusts for their heirs. Regardless of the type of trust involved, several issues have to be addressed. Will the trust be revocable or irrevocable? Under what conditions will control of the account be turned over to the beneficiary if any? Are there tax advantages to the trust that the client selects? In addition, the lawyer who has helped establish the trust has to determine how it will fit into the overall picture when the estate goes to probate.

Although the concept of a trust is simple—one party gives over control of the money to another for the benefit of a third—it requires an experienced estate planning lawyer to establish, document and administer the trust. The Attorneys as Hale Ball Carlson Baumgartner Murphy, PLC have been preparing and administering wills and trusts for their clients’ estates for decades. When you meet with one of our estate planners, he or she will go over the advantages and drawbacks associated with establishing different types of trusts. You will also be informed as to how we will administer the trust.

In the Commonwealth of Virginia, attorneys who administer trusts are strictly regulated by the State Bar. The trustee must deposit the funds in a “financial institution approved by the Virginia State Bar.” This can be “regulated state or federal chartered banks, savings institutions, and credit unions that are properly licensed and authorized to do business, have federal insurance on deposits and have entered into and agreed to abide by a Virginia State Bar Approved Financial Institution Agreement. The trustees must observe further requirements that depend on whether or not the account bears interest.” – Virginia State Bar

Benefactors establish a trust because they want to know that after they die their loved ones will be cared for. Naturally, there is a great deal of trepidation that something could go wrong after they are no longer able to do anything about it. That’s why you need a Virginia estate planner who has a track record dealing with clients both living and deceased. When you plan your estate and trust through a Hale Ball Carlson Baumgartner Murphy, PLC attorney, you’ll have the confidence in knowing that your beneficiaries will be taken care of the way that you intended.

Contact Hale Ball Carlson Baumgartner Murphy, PLC, for More Information

To schedule an appointment with an experienced Virginia trusts and estates attorney, contact us at 1-703-591-4900 or use our online contact form.

Since 1980 the AV-rated law firm of Hale Ball has served the legal needs of individuals and businesses. Our team of attorneys include lawyers named to Super Lawyer and Rising Star lists, as well as attorneys with advanced legal degrees, specialty certifications and lawyers who teach their areas of practice to other lawyers.

Use the contact form on this page to schedule a consultation, or call 703-591-4900.

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Fairfax, VA 22030

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We will use the information you provide on this form to connect and schedule a consultation with you to go over your legal needs. The transmission and receipt of information contained on this website, in whole or in part, or communication with the Hale Ball via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient.

Hale Ball is committed to providing you with excellent service while protecting the health and safety of our clients and staff. We offer videoconferencing, conference calls and electronic communication, as well as traditional in-person consultations. We are taking precautions to maintain a healthy office environment. As events evolve concerning COVID-19, we will strive to provide outstanding service in a socially responsible manner. Please contact us if you have any concerns.

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