Category Archives: Trustee
What Are a Trustees’ Real Responsibilities?
It may seem like a default to name your oldest responsible child or your spouse as the trustee of an established trust. However, trust administration may require many different tasks and can be overwhelming or something that neither of those parties want to take on. The primary duties of a trustee include management, investment,… Read More »
What a Trustee Needs to Know About Making Final Distributions to Beneficiaries
Although beneficiaries of a trust will naturally have questions earlier on in the process, the concept of when they’ll receive their check or the assets set aside for them usually needs to be answered later on. Making distributions of remaining trust assets comes at the end of the process when a trustee is settling… Read More »
How Should I Choose My Trustee?
You know that a trust empowers you to accomplish a broader range of your estate planning goals, but a trust is only helpful as a tool when it’s been funded the right way and is managed by a knowledgeable trustee. It’s an important decision to select the person who will be responsible for managing… Read More »