While people used to think of trusts as something only used by the extremely wealthy, the popularity of revocable living trusts as part of a probate avoidance strategy has focused more attention on these versatile estate planning tools. Avoiding probate is just the tip of the iceberg. Trusts can accomplish […]
Category: Probate and Estate/Trust Administration
If you have created a revocable living trust to avoid probate or you are considering establishing a special needs trust or other type of trust, you may have heard that it is important to “fund” your trust. This is indeed an important task and it can involve some complex steps […]
If you have been named a trustee or you are otherwise involved in the administration of a trust, you may have heard somebody suggest that you obtain a Certification of Trust. What exactly is that? What does it do? And do you need one? While the answer to that last […]
Trusts come in all types, but even simple trusts can be complicated for people who have not worked closely with them before. If you have been named trustee or are otherwise expected to help administer a trust, the good news is that the law does not require you to hire […]
When you are the beneficiary of a trust, the assets in that trust have been placed there for your use. You deserve to have those assets properly managed and to receive distributions in accordance with the trust terms. If the trustee is not living up to obligations in some way, […]