If you or a loved one finds yourself in a dispute over the terms or administration of a trust, you need a top trust litigation lawyer. Parents and grandparents often set up trusts that will distribute assets to their children or grandchildren in tax-efficient ways to avoid the cost of probate. Trusts can be a crucial tool in estate planning and administration. Unfortunately, sometimes trust disputes arise that require litigation.
Virginia Trusts
There are many types of trusts in Virginia, each serving its own purpose, with its own benefits and drawbacks. Some trusts include:
- Revocable living trusts
- Irrevocable living trusts
- Charitable trusts
- Business trusts
- Special needs trusts
- Testamentary trusts
- Qualified personal residence trusts
- Pet trusts
Can You Challenge a Trust Agreement or its Administration?
Yes. Beneficiaries may choose to challenge the administration of the trust, try to terminate or the trust, or in unique circumstances, amend the trust. Disagreements regarding how a trust is administered or whether its valid often arise when an interested person is unhappy with how or when they receive (or don’t receive) their distribution.
Such disputes can be devasting and deplete the trust of its assets. They often result in broken homes, broken relationships, and financial disasters. This is where trust litigation attorneys come into the picture.
Should I Hire a Trust Litigator?
If you are involved in a trust dispute in Virginia, it is essential that you contact a trust litigation attorney. Attempting to resolve these disputes without the knowledge and expertise of an attorney can spell disaster.
Our attorneys have an extensive understanding of estate and business law. We are knowledgeable about trust creation, administration, and (if things go badly) litigation.
If you are in need of an attorney’s advice, please contact Cook, Craig, and Francuzenko today. Our firm has attorneys who specialize in a variety of practice areas. With over 100 years of combined experience, we are seasoned professionals ready to help you.
