Being a Successor Trustee

What is a Successor Trustee? A Successor Trustee is a person who takes over the management of a trust after the initial trustee dies or is unable to fulfill their responsibilities. The Successor Trustee is responsible for executing the trust and managing it until the assets of the trust are distributed to the beneficiaries according [...]

By |2024-02-21T18:54:15+00:00April 11th, 2018|Successor, Trust, Trustee|Comments Off on Being a Successor Trustee

Two Major Reasons Why You Need a Trust

What is a Living Trust? A "Living Trust", or a revocable trust, is a trust created by an individual during their lifetime to store their assets until they die. After they die, their assets are transferred to their beneficiaries by a “successor trustee” appointed by them. Two Major Reasons Why You Need a Living Trust [...]

By |2024-02-21T21:38:22+00:00January 6th, 2018|Living Trust, Trust|Comments Off on Two Major Reasons Why You Need a Trust
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