Trustees

Every Trust Should Have a Designated Trust Protector

A recent New York Times article[1] pointed out the importance of appointing a reliable, trustworthy trustee, someone you think you can confide in and who understands your intentions. But, even if you are confident in your choice of trustee, you might need a third party called a “trust protector” in case that trustee turns out…

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Pest Control Magnate Needed to Work the Bugs Out of His Family Trusts

An ongoing battle in the Georgia courts surrounding the estate of O. Wayne Rollins, the late co-founder of Rollins Inc., a large pest control corporation, illustrates that having a Family Trust in place at the time of your death will not guarantee an easy transition of wealth to the heirs of the estate. As this…

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Pest Control Magnate Needed to Work the Bugs Out of His Family Trusts

An ongoing battle in the Georgia courts surrounding the estate of O. Wayne Rollins, the late co-founder of Rollins Inc., a large pest control corporation, illustrates that having a Family Trust in place at the time of your death will not guarantee an easy transition of wealth to the heirs of the estate. As this…

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How To Choose A Good Trustee

How To Choose A Good Trustee

What should you look for when deciding on a trustee of a family trust? How do you decide on a trustee? Is it best to choose an impartial professional or agency as an estate trustee? (Yes, under most circumstances.) Filling the very important position of estate trustee requires careful consideration of these trustee ranking areas:…

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Testamentary Trust Explained

Testamentary Trust

A testamentary trust is set up by a will. The key is that testamentary trusts are given their life after a probate of a will. The will then funds those trusts, which are then deemed testamentary trusts. A testamentary trust is set-up by the testator (aka settlor, grantor, or trustor) through a will-based estate plan…

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Investment Audits

Typically, trustees have an obligation to have an investment policy that includes scheduled periodic audits of a trust’s investments. Usually, the default for a trust is that the trustee has to meet the highest “prudent man” standards in the investment of assets, which means they should not be used for entrepreneurial purposes. Trustee Should Be…

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Investment Audits

Typically, trustees have an obligation to have an investment policy that includes scheduled periodic audits of a trust’s investments. Usually, the default for a trust is that the trustee has to meet the highest “prudent man” standards in the investment of assets, which means they should not be used for entrepreneurial purposes. Trustee Should Be…

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