Trustee? Ask These Questions First
the beneficiary. Essentially, the trustee manages the trust. Generally, a trust agreement contains details about the intent of the trust. Attorneys advise prospective trustees to reading the trust document carefully…
Serving As A Financial Guardian?
…the educational needs of children—and might find it even more beneficial to establish a trust that holds the 529: Establishing a family education trust to hold one or more…
Consider a Trust for Beneficiaries with Special Needs
mind that a trustee will need to be appointed to oversee the trust. It is a good idea—and often required—for the trustee to obtain a trustee bond to protect the…
Are Trustees Fiduciaries?
Yes! When a trust is created, the trustor (or grantor) names a trustee to administer the assets in accordance with their wishes. Trustees are fiduciaries—held to the highest duty…
Inheritance: Too Much?
…the trusts up the way they did. Trustees and Trustee Bonds? Among the important considerations when creating a trust is the designation of a trustee to administer the assets in…
Precatory Language?
trustee and naming a neutral, experienced trustee can be helpful. Afterall, during grief, the stress of administering a trust can become too much for relations. If conflict or other stressful…
Heartwarming Estate Plan
…designate assets to organizations and issues you care about. Closer to home, education trusts can ensure tuition for the next gen in your family. Trust Law Practice? With clients counting…
The Importance of Communicating About Employee Benefit Plans
an opportunity for employers to increase trust by focusing more on communication, including education about their available benefits and what they cover. Increase Employee Trust: Communicate More Start by talking…
Estate Sold: James Brown
…education of those you care about. Unlike a will, a trust, overseen by a trustee, allows for periodic distributions to the named beneficiaries. Learn more about educational trusts right here–and…