For most people, a Last Will and Testament serves as the foundation of their initial estate plan. As both their estate assets and their family grow, they may incorporate additional estate planning documents and strategies into that initial plan in order to address that growth. If you are at the stage of your life where you need to grow your own estate plan, you may choose to create a trust to help protect your growing estate assets. As the Settler of the trust you must appoint a Trustee. As the … [Read more...]

What Exactly Does A New York Trustee Do from Saul Kobrick If you are thinking about creating a trust, you need to start thinking about a Trustee. Trustee responsible for an accounting of all trust business and assets. Income, distributions, expenses. Learn more about exactly does a New York trustee do in this presentation.   … [Read more...]

A Trustee owed a fiduciary duty to the trust and the trust beneficiaries. A fiduciary duty means that a Trustee must use the utmost care when managing trust assets and making investments with those assets. Risky investments are to be avoided. A Trustee should take into account what is in the best interest not only of current beneficiaries but also of future beneficiaries of the trust. Topics covered in this report include: Trust Basics Fiduciary Duty Duty and Responsibility to … [Read more...]