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Posts tagged "trustee selection"

Making changes to a trust: amendment vs. restatement

Life never stands still. Even when you have crafted an estate plan that makes sense for you and your family, it's only natural that changes will come up. This doesn't mean there was anything wrong with your earlier planning. It simply means that life is dynamic and it is simply not possible to anticipate every possible change.

Naming a Trustee: a Complex and Critical Decision

Persons who expect to leave behind a large estate may prefer to set up distribution and management of their estate following their death in the form of a trust. It is a good way to leave property and assets to heirs, but any trust needs to be carefully constructed and written to assure that last wishes of the decedent are followed and to minimize potential dissention among heirs. One of the first and most important decisions to be made when you want to establish a trust is the naming of your trustee. It also is one of the most difficult decisions to make because there are so many complex issues that might arise, especially if the estate is large and expected to last through generations.

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