by FamilyTrust | Mar 19, 2014 | Asset Protection, Estate Planning, Family Trust Trustee, Trust & Estate Blog, Trustees
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...
by FamilyTrust | Mar 10, 2014 | Family Trusts, Famous Estates, Trust & Estate Blog, Trustees
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...
by FamilyTrust | Sep 25, 2013 | Taxes, Trust & Estate Blog, Trust Rules, Trustees
Using family financial trusts to lend money for the purchase of homes or property, as discussed from a financial perspective in the related news article below, more likely does not involve a legacy family property. With this type of transaction, the financial trust...
by FamilyTrust | Sep 12, 2013 | Do-It-Yourself Estate Plan, Set Up Family Trust, Trustees
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...
by FamilyTrust | Sep 7, 2013 | A / B / C Trusts, Definitions, Testamentary Trust, Trustees, Will vs 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,...
by FamilyTrust | Sep 7, 2013 | Do-It-Yourself Estate Plan, Set Up Family Trust, Trustees
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...
