What do successor trustees and executors do?
Executor’s Duties An executor, sometimes called a personal representative, is the person who is named in a will, appointed by the court, and responsible for probating the will and settling […]
Search Results for: trustee
Ohio Chimes In that Trust Assets are Protected from Property Division in a Divorce, Even When the Divorcing Beneficiary, as the Sole Trustee, Can Make Distributions to Himself
September 27, 2017 The trial court in Ohio, and the appellate court, both agreed after some well-thought out analysis, that a beneficiary’s interest in a third-party trust set up by […]
How to Pick a Trustee, Executor, and Agent Under a Power of Attorney
June 16, 2017 While the term fiduciary is a legal term with a long history, it very generally means someone who is legally obligated to act in another person’s best […]
5 Mistakes Made by Successor Trustees (and How to Prevent Them)
When establishing a trust in Denver, you need to give serious thought to choosing your successor trustee—the person who will administer your trust once you’re no longer able to do […]
Avoiding Conflicts Between Beneficiaries and Trustees
People set up trusts in order to protect assets and conserve them for beneficiaries. This protection is achieved by appointing a trustee to manage, invest, and distribute trust property. In an ideal […]
Why Do I Need a Successor Trustee?
If you are a Colorado resident who wants to minimize the trouble and expense of transferring your assets when you die, you have probably considered establishing a living trust. A […]
How Far in Advance Can I Begin My Estate Planning?
You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or […]
Collecting Debts on Behalf of Your Deceased Loved One
People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or renting a house to a tenant. […]
Difference Between Transfer on Death and Payable on Death Designation
Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original […]
Could a Testamentary Trust Be What Your Loved Ones Need?
One of the main reasons that a person creates a revocable living trust (a trust established during a person’s lifetime that they can amend or revoke) instead of relying on […]