In selecting a successor trustee for a living trust, people often gloss over the complications involved and think in terms of such broad generalizations as who will “manage my estate” or “take care of my beneficiaries” or “settle my estate.” In reality, a trustee performs very specialized, complicated functions. The trustee must prudently invest assets, … Continue reading Choosing Your Trustee
What are the ingredients for trust planning? Selecting the trustee is central to every trust planning. On this topic, see the post from June 2, 2012, regarding selecting a trustee. When does money or assets come out of the trust for the beneficiary? Often it helps to distinguish between trust income (such as rent, interest, … Continue reading Planning your trust: what are the ingredients?
This video discusses the initial conference for a living trust estate plan: