Five Questions to Consider When Naming A Trustee
The responsibilities of a trustee are often complex and time consuming. Managing trust assets often entails familiarity with tax law, real estate markets, security markets, and financial planning. Often it is the oldest or most responsible heir who is given this duty. Here are some things you should consider before deciding on a trustee. Do […]
Selecting A Corporate Trustee
Corporate trust services are offered by trust companies, banks, some attorneys, and some financial advisors. Your first step should be to determine just what services you expect to receive from the trustee. You can choose a trustee to perform the administrative functions only. This could include: Administration of the trust in accordance with the trust agreement. […]
Naming A Trust As An IRA Beneficiary
Sometimes there are good reasons to name a trust rather than an individual as a beneficiary of your IRA. Maybe you have a child who you fear will spend the money they inherit wastefully, or maybe you have a special needs heir and a direct inheritance would affect their qualifications for aid, maybe there is […]
