in Helpful Insights, Trustee Tips
You’re Executor of an Estate. Now What?
It can be an overwhelming endeavor to take on the role of executor of an estate. While the initial assignment might seem like an honor, the reality of the role naturally triggers many questions. In order to execute the role...
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155
 in Helpful Insights, Trustee Tips
How a Trust Protector Can Rescue Irrevocable Trusts
The term Trust Protector carries the connotation of a superhero, poised to come to the rescue when called upon. A Trust Protector’s role is to guide a trustee to ensure that a grantor’s intentions and wishes are carried out. It’s...
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165
 in Helpful Insights
Power of Attorney: What Are Your Responsibilities?
Have you been named as a power of attorney? If you’re stepping into this role for the first time, there are terms and responsibilities you need to understand going forward. This is a vitally important role, and one that can’t...
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164
 in Helpful Insights, Trustee Tips
How to Choose a Loyal Trustee: Know Your Options
Are you preparing to choose a trustee? Knowing how to choose a trustee, and what your options are, is not as straightforward as it seems. In fact, there are a number of factors and considerations that come into play when...
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175
 in Helpful Insights, Trustee Tips
When and How to Remove a Trustee
Are you considering how to remove a trustee who you feel is not doing their job or is incompatible? While you may feel there “should” be a straightforward response to your problem, often there is not. Depending on the trust,...
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178
 in Helpful Insights, Trustee Tips
The Trustee–Beneficiary Relationship: Building Trust Through Understanding, Process, & Accounting
You’re facing a new trustee appointment with a trust you didn’t write and beneficiaries you didn’t previously know. This article sets out an indelible process to help you build a relationship, establish rapport, and do well in your new position....
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180
 in For Professionals, Helpful Insights
How to Appoint a Trustee Who Will Protect Your Legacy
Choosing a trustee to administer your revocable and irrevocable trust is essential to your estate plan. In order to secure your legacy, it’s crucial to not only select the right support for your estate but to also choose an appropriate...
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170
 in Helpful Insights, Trustee Tips
Understanding the Role of the Professional Trustee
Many family trusts can be handled with family members in the role of a trustee, but alternatives to “Uncle Joe” serving as a trustee, such as independent, professional trustees, offer superior protection for beneficiaries. This article explores the role of...
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176
 in Trustee Tips
5 Things Estate Planners Should Know About Independent Trustees
Part of the practice of estate planning is identifying when clients and their families could benefit from the help of other services and professionals: We see a need and we introduce people - accountants, lawyers, insurance agents, financial advisors, counselors,...
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