Choosing an Administrative Trustee: Relieve the Emotional Weight of Estate Settlement with NPT
Settling the affairs of a deceased loved one is never an easy task, but with the continued developments of the digital landscape, the process has become even more overwhelming. When our sister company Borchers Cusano Trust Law first promoted their…
Duty of Loyalty: A Non-negotiable Rule for Trustees
A bedrock principle for a trustee is tied to their duty of loyalty, which requires the professional to act solely in the best interests of the trust and its beneficiaries. Trustees must strictly avoid any conflicts of interest or self-dealing,…
How are Directed Trusts Used in Estate Planning?
Directed trusts have emerged since 1986 as an important and yet arguably underutilized estate planning and trust administration tool, offering unique advantages in terms of trustee liability, cost efficiency, and potential tax savings. By implementing directed trusts, savvy families and...
Should I use a Domestic Asset Protection Trust or a New-HING?
Domestic Asset Protection Trusts (DAPT) have been around since Alaska established one in 1996. They can now be found in 17 states. Northeast Private Trustees can help you with a DAPT established in New Hampshire. What is a DAPT? A DAPT is an...
Trustee Responsibilities: 6 Common Challenges for Trustees
As a trustee, you hold a position of significant responsibility. Your role involves managing trust assets and making decisions that directly impact the beneficiaries. However, this role is not without its challenges and potential pitfalls. Missteps can lead to legal...