Professional executor and trustee services in Virginia
What Fiduciaries Do in an Estate Plan
Understanding executor, trustee, and agent roles
A fiduciary manages property or decisions in someone else’s best interest. Executors carry out the will after death, trustees manage trust assets for beneficiaries, and agents act under a
power of attorney during life. Davies & Davies explains these roles, the duties involved, and how they interact with
wills and trusts to keep plans working for families in Lynchburg and across Central Virginia.
Choosing the Right People for the Job
How to choose responsible executors and trustees
Consider financial judgment, availability, and the ability to communicate with beneficiaries. A spouse or adult child may be appropriate, but business complexity, special needs, or family tension can call for a neutral decision maker. Davies & Davies provides practical criteria, conversation scripts, and successor planning so appointments remain workable as families grow and move.
Professional fiduciary services for complex estates
If beneficiaries disagree, if a business must be managed, or if no relative is available, a professional fiduciary provides structure and accountability. Davies & Davies can serve as executor or trustee where appropriate, prepare court filings, and coordinate with CPAs and advisors to keep administration compliant and efficient. For estates in Lynchburg, Danville, Richmond, and Northern Virginia, a neutral administrator often preserves relationships while meeting legal requirements.
Helping agents act confidently and correctly
Agents need clear instructions, document access, and a recordkeeping system that institutions accept. The firm equips agents with checklists, sample letters, and timelines so bills are paid, investments are managed, and medical directives are honored. Close coordination with probate and estate planning services ensures the lifetime plan supports later administration.
Straightforward answers for families and advisors
Can my lawyer be my executor or trustee?
Yes, a professional can serve when neutrality or experience is needed. Fees are disclosed and subject to oversight, which keeps administration transparent.
What if my named executor cannot serve?
Successors named in the will can step in. If none are available, the court appoints an administrator, and the firm guides families through that process.
How are fiduciaries compensated?
Compensation is typically paid from the estate or trust and reflects the work involved. Transparency and accurate records help the Commissioner of Accounts approve fees.
Take the First Step.
You don’t need all the answers to get started—you just need an attorney that's ready to help you.
