A living trust is a powerful estate planning tool that helps you manage your assets during your lifetime and distribute them after your death. At the heart of a living trust is the trustee – the person responsible for managing the trust's assets. Interestingly, when you create a living trust, you typically serve as the trustee while you're alive. Understanding the role and responsibilities of a trustee is essential for effective estate planning. This article explores what a living trust trustee … [Read more...] about What Does a Living Trust Trustee Do?
trust administration
You Can’t Afford to Make These Four Estate Planning Mistakes
We are sometimes approached by people who are dealing with negative situations that were caused by estate planning mistakes. In this post, we will look at five of these errors that are commonly made so you can take the right steps to steer clear of them. Intestacy A survey that was conducted earlier this year found that just 32 percent of American adults have wills or trusts in place. When you see this number, you may assume that this is strictly due to inaction amount younger people. In fact, … [Read more...] about You Can’t Afford to Make These Four Estate Planning Mistakes
