How Can I Use a Living Trust to Plan for my Possible Disability?

March 20, 2017

One of the most important reasons for having a revocable living trust is to plan for a possible incapacity. With improvements in health care and lifestyle, more people are living longer. With this increase in lifespan, the likelihood of becoming incapacitated some time before death is greater than ever. The most important part of estate… Read more »

Should I Name a Family Member as My Trustee?

March 16, 2017

Family Member as Trustee Choosing a trustee is crucial whether establishing a new trust, modifying an existing trust or dealing with a transition of the incumbent trustee. Selecting the person or institution who will act as your trustee is one of the most important decisions you and your family will make. Naming a family member… Read more »

What are the Advantages of Using a Corporate Trustee?

March 14, 2017

Using a Corporate Trustee A corporate fiduciary manages trusts professionally every day. They have experience in the area, and they know what they are doing. They act very objectively to follow the instructions set forth in the trust document. They have investment experience and record-keeping skills. They know the law, and follow the prudent investor… Read more »

Who Should I Select as Trustee of My Trust?

March 10, 2017

How To Selecting Someone as Trustee of Your Trust What is a Trustee and How do you Choose One? Select as trustee anyone you feel can do the job. But how do you figure that out. Having someone to manage your estate when you are gone is an important decision, and one that should not… Read more »

What Happens if My Trustee Fails to Follow the Terms of My Trust?

March 08, 2017

What Would Happen if My Trustee Doesn’t Carry Out Their Duties? If the trustee still will not comply, the court could hold him in contempt. If they continues to refuse to comply, the court may also remove them from his position. During an estate administration, a trustee’s failure to comply with the trust terms is… Read more »

What are the Primary Duties of A Trustee?

March 06, 2017

I’ve Been Named as a Trustee – What are the Duties of a Trustee? If you have been named as a Trustee, someone else has decided that you are the person they most trust to manage the financial affairs of their Trust. What is a Trustee and what are your duties and responsibilities? The simple… Read more »

Who are Trustees, and What Do They Do?

March 02, 2017

Name a Trustee you Say? Trustees are those individuals or entities named in a trust agreement to administer the trust. Trustees are required to manage and invest trust property. They also distribute the trust property to certain individuals (the beneficiaries) based upon the instructions contained in the trust. Trusts often last for years or even… Read more »

I’ve Been Told That Even if I Plan with a Revocable Living Trust, I’ll Still Need Something Called a Pour-Over Will. What is That?

February 28, 2017

Questions about Revocable Living Trust I’ve Been Told That Even if I Plan with a Revocable Living Trust, I’ll Still Need a Pour-Over Will. The Pour-Over Will serves as a safeguard in case an asset gets left outside of your trust. It’s not uncommon to find that in the process of funding a trust (changing… Read more »

One of My Professional Advisor Says I don’t Need a Revocable Living Trust

February 24, 2017

My Professional Advisor Says I don’t Need a Revocable Living Trust It’s not uncommon for a professional advisor such as attorney, financial and insurance advisor or CPA to think of estate planning as pertaining only to finances, avoiding probate, or reducing taxes. That is the focus of the training most have experienced. Therefore if you… Read more »

Who Needs a Revocable Living Trust?

February 22, 2017

When revocable living trusts first became popular in the 1980s, most thought that they were only for the wealthy. Over time, trusts have become a popular planning tool for any size estate. Revocable living trusts are amazingly flexible legal tools that can help the creator of the trust—referred to in legal terms as the “trustmaker”,… Read more »

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