The most important aspects of administering trusts are organizational skills and record keeping. Basically you need to track every dollar coming in and going out of the trust and make sure it goes to the right person at the right time. Whether you feel you are qualified to serve is another matter because managing a...Read more
Tag Archives: Trust Administration
- Tag Archives: "Trust Administration"
- As the personal representative what kind of things do I need to think about before I settle my friend’s estate?
- My father named my mother, then me as his attorney-in-facts in a financial power of attorney. Both my parents are now in care facilities and not competent. Am I automatically in charge or does something more need to be done?
- What is a life estate deed?
- If someone dies in a car accident and he is not at fault, who receives the insurance settlement monies, the people named in the will or the heirs-at- law?
- Things are changing for my parents and I feel I need to address early care and monetary issues with my siblings when they visit from out of state at Christmas. How do I begin?
Can we just use her monies since they are jointly owned? Joint ownership can be a good way to avoid probate, but many people mistakenly believe this form of ownership...
I got a lot of phone calls about long term care planning after an article on Medicaid planning I ran a month or so ago. There were common areas of...
My father named my mother, then me as his attorney-in-facts in a financial power of attorney. Both my parents are now in care facilities and not competent. Am I automatically in charge or does something more need to be done?That depends on the terms set forth in the document itself, but even if no stated triggers are mentioned before you can serve as alternate agent, like a doctor’s letter,...
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