The important role of a trustee is crucial to the successful administration of a trust. A trustee is “trusted” individual who is responsible for making sure the provisions of the trust agreement are followed. Trustees are basically responsible for management of the trust property, including maintaining accurate records of every transaction taken that relates to [ ] The post Trust Administration Attorneys Can Handle Administration Issues appeared first on Northern California Center for Estate Planning and Elder Law.
A trust can be a very useful estate planning tool, particularly because they can help you to minimize estate taxes and possibly avoid probate. Trusts are essentially fiduciary agreements, meaning they are built on trust and confidence, between the grantor (the person making the trust) and the trustee. The trust agreement gives the trustee the [ ] The post Sacramento Trust Attorney Discuss Various Trusts and Their Benefits appeared first on Northern California Center for Estate Planning and Elder Law.
If you have been called upon to serve as a trustee, you have a very important job. The role of trustee is an essential component of successful Sacramento trust administration. The trustee is the person responsible for ensuring that the terms of the trust document are followed. A trustee is ultimately responsible for managing the [ ] The post Errors to Avoid in Sacramento Trust Administration appeared first on Northern California Center for Estate Planning and Elder Law.
Trusts are one of many important tools that can be included in an overall estate plan. A discretionary trust is a particular type of trust that provides the trustee with broad discretion regarding how the trust property is managed and distributed. Unlike a fixed trust, beneficiaries of a discretionary trust can only receive distributions from [ ] The post Trust Lawyer Explains the Discretionary Trust appeared first on Northern California Center for Estate Planning and Elder Law.
One of the primary benefits of a trust is that the assets you include in the trust will likely avoid the probate process. There are different types of trusts, so you should discuss your options with your estate planning attorney first. A testamentary trust is a very common type of trust that is included in [ ] The post Understanding the Benefits of a Testamentary Trust appeared first on Northern California Center for Estate Planning and Elder Law.
One very valuable type of estate planning instrument is a trust. Trusts can give you a method for holding and managing your estate assets for the benefit of your loved ones. With a trust, you have the chance to provide your own instructions regarding how your assets should be distributed and under what conditions. A [ ] The post Do I Need a Special Needs Trust? appeared first on Northern California Center for Estate Planning and Elder Law.
If you are considering whether or not to include a trust in your overall estate plan, you should first decide whether you want a revocable or irrevocable trust. Many people assume that, creating a trust that is revocable does not provide asset protection, so this type of trust is not very useful. However, that is [ ] The post Creating a Trust that is Revocable appeared first on Northern California Center for Estate Planning and Elder Law.