Postmortem planning is something that you must take into consideration when you are making preparations for the inevitable. Deciding how you want your financial resources distributed is part of the equation. However, you also must take the necessary steps to make these wishes come to fruition. There is a human element because there are practical tasks that must be completed when your estate is being administered, whether you use a last will or a trust of some kind to transfer your … [Read more...] about Trust Administration Report Offered
Trust administration refers to the process of “taking care of trust business” and typically refers to the time period after you die. (Technically, you administer your trust when you are alive and well or disabled, as well.) A trust attorney (also called an estate planning attorney or trust settlement attorney) guides the Trustees through the trust administration process. Trustees are your trusted helpers. Who administers your trust while you are alive and well? ? While you’re alive and well, … [Read more...] about What is Trust Administration?
If you have a trust as part of your estate plan, you’ve likely chosen a friend or family member to act as trustee. But before you settle for naming the person closest to you – consider this: your trustee will oversee every aspect of your estate after you’re gone and depending upon what that estate contains, it could mean managing large amounts of cash and real estate or choosing future investments. Do you have the right trustee in place? The only way to know for sure is to remove the emotional … [Read more...] about How to Pick the Right Trustee