Our services
Trust Administration
Trust Administration
Trust Administration
Rockville, MD
Richard A. Burton, Jr., Esq
Trust Administration
Trust administration involves the management and distribution of assets held in a trust according to the terms outlined in the trust document. When a person creates a trust, they appoint a trustee to oversee the administration of the trust and carry out their wishes. The trustee has a fiduciary duty to act in the best interests of the trust beneficiaries and to administer the trust according to the settlor’s instructions.
Trust administration typically includes tasks such as managing trust assets, investing funds prudently, distributing income and principal to beneficiaries, and maintaining accurate records of all transactions. Additionally, the trustee may be responsible for filing tax returns, providing accountings to beneficiaries, and resolving any disputes that arise during the administration process.
Our services
Other services we offer
Estate Planning
Estate Planning involves the drafting of documents, such as wills and trusts, to ensure that your legacy will be passed on accordingly.
Elder Law
Elder Law is a combination of legal fields for issues affected by aging. It includes asset projection for Medicaid Planning and long-term care.
Medicaid Planning
Medicaid planning involves using strategies for using and preserving assets while enabling loved ones to qualify for Medicaid.
Probate
Probate is the administration of an estate in probate. Closely related is the administration of trusts, which become irrevocable at death.
Trust Administration
Upon the death of the grantor, Trustees must notify beneficiaries and administer the trust according to the Trust Agreement.
Guardianship
Guardianship involves using the legal process to take control of a person’s affairs who is unable to manage them on their own.
Richard A. Burton, Jr., Esq.
Mr. Burton has years of experience helping families all over Maryland protect themselves and plan for the future. He was raised in Gaithersburg, Maryland and graduated from Quince Orchard High School.
As a member of the National Academy of Elder Law Attorneys and the Society of Financial Service Professionals, he has developed a reputation as a strong advocate and counselor. He works closely with other professionals in finance and accounting to deliver the best results for his clients.
Mr. Burton was admitted to practice law in Maryland in 2016. Since then, he has focused exclusively on Estate Planning and Elder Law which comprise diverse and ever-changing bodies of law.
He is an accomplished jazz pianist and in college was the pianist for Synthesis, the premier jazz ensemble at Brigham Young University.
Mr. Burton lives in Gaithersburg with his wife and two children.