Things to Consider When You’re Named as Successor Trustee
NOVEMBER 2, 2015 VOLUME 22 NUMBER 40 When a family member dies, you will need to address a number of items. One that might come up: handling the revocable living trust they created. If you are named as successor trustee you will have a number of obligations you need to discharge. You might need help […]
What To Do About a Child Who Can’t Handle Money
SEPTEMBER 1, 2014 VOLUME 21 NUMBER 31 A reader asks: “could you do an article on how to leave inheritance to a son who is not good at handling money? Should I leave his portion to another son who is good at it? They are very close and would get along.” First we have a […]
Trust for Surviving Spouse Leads to Dispute With Stepchildren
FEBRUARY 17, 2014 VOLUME 21 NUMBER 7 When Albert Findlay (not his real name) died in 2002, he left a trust for the benefit of his wife Sharon. Sharon was named as trustee, and the trust document directed that she was to receive “the entire net income” from the trust for the rest of her […]
Remainder Beneficiaries Not Entitled to Trust Beneficiary’s Financial Info
SEPTEMBER 12, 2011 VOLUME 18 NUMBER 32 Imagine with us for a moment: you are the trustee of an irrevocable trust created by a now-deceased woman for the benefit of her daughter. The trust says that her daughter is to receive all the income generated by the trust. You are also given the discretion to […]
