Family trusts can give lots of benefits and protections. But only with the right trustee running things.
How to Hire an Executor. For your loved one’s estate or your will.
(1) Trust is Key, (2) Take Age Into Consideration, (3) Put One Person in Charge of the Will, (4) Learn the Residency Rules Where You Live, and (5) Know When a Trust Makes Sense
It’s usually seen as an honor to be named the executor of someone’s will. It shows that the deceased trusted you to manage his affairs fairly, in a manner consistent with his wishes. What you may not realize is how stressful, time-consuming, and just plain difficult it can be.
(1) Should my trustee be my spouse or child? (2) Should my trustee be my attorney, accountant or other trusted adviser? (3) Should my trustee be a bank or trust company? (4) Would having more than one trustee be my best option instead?
Summary: (1) Review the will; (2) Handle the care of any dependents or pets; (3) Find important documents…
Summary: (1) Young enough, will actually accept; (2) Trustworthy, won’t blab; (3) Patient, enough free time …
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