Synopses & Reviews
You're the trustee-what now?
It's an honor to be entrusted with wrapping up the affairs of a deceased loved one, but it's also a big task, one you may find stressful and confusing. Here is a guide that you can rely on for help with the legal, personal and practical aspects of administering a living trust.The Trustee's Legal Companion shows you exactly how to proceed, from handling paperwork to keeping beneficiaries informed, to knowing when to call in the professionals and how to work with them. Find out how to distribute money to the rightful beneficiaries, in keeping with the terms of the trust and state law, as well as a full breakdown of: what the job of trustee entailsdetermining whether or not to take the job finding and working with legal and tax experts what to do with assets that should be in the trust but aren'tsubtrust fundingmanaging an ongoing trustpaying debts and taxes keeping good records to avoid challenges to your actionsterminating the trustThe Trustee's Legal Companion is written with both the legal and the human element of the job in mind. It will help you gain peace of mind during a difficult time, while saving you time, money and headaches.
Synopsis
This resource offers essential, step-by-step guidance on trust administration, from handling paperwork to working with experts and keeping beneficiaries informed.
Synopsis
Each year, more than two million American families must deal with a loved ones death. For those who have inherited the job of wrapping up the deceaseds living trust the task may feel honorable, but can also be highly stressful and confusing, leaving the trustee unsure of where to start.The Trustees Legal Companion shows bewildered trustees exactly how to proceed. From handling required paperwork to keeping beneficiaries informed, to working with professionals, trustees will get the guidance they need to distribute survivors money and property legally, by terms. It covers: what the job of trustee entails; determining if one should serve as trustee; finding and working with experts; assets that should be in the trust but arent; handling property that passes outside the trust; subtrust funding;managing an ongoing trust; payment of taxes and keeping of records; working with professional advisers; terminating the trust. The Trustees Legal Companion is written with an understanding of the human element of the job, offering trustees peace of mind at a difficult time, while providing legal clarity, and saving them time and money.