Set up Trusts to minimize estate taxes, avoid probate court, and seamlessly transfer assets to your heirs. Learn what trustees do, the difference between Revocable Trusts and Irrevocable Trusts, Living Trusts and Trust Funds, and more.
Book 'em, Planno! (Instead of Danno… we were making a planning pun… forget it… just read the article now.)
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New probate estate fees make The Constitution State the most expensive place to die.
Bottom line: Trustees are in charge of managing a Trust.
Generally, Trustees are responsible for managing, investing, and distributing the property in the Trust. Depending on what your goals are for your trust, you can name a single Trustee or multiple ones.
A Living Trust, also called an “inter-vivos trust,” is a Trust that becomes effective during your life.
