5 Mistakes Made by Successor Trustees (and How to Prevent Them)

When establishing a trust, you need to give serious thought to choosing your successor trustee—the person who will administer your trust once you’re no longer able to do so. This individual ideally should be:

●      Someone you trust implicitly.

●      Someone who is organized, responsible and meticulous.

●      Someone who can remain steadfast to your wishes in...

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Role of Successor Trustee

When creating a trust, it is common practice that the person doing the estate planning will name themselves as trustee and will appoint a successor trustee to handle matters once they pass on.  If you have been named successor trustee for a person that has died, it is important that you hire...

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