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A trustee wields considerable power over a trust. However, there are mechanisms in place to ensure a trustee is adhering to the law and complying with the trust document. One such mechanism is a trust accounting. Here is what to … Read More
When someone is appointed the trustee, it signals a great deal of confidence in their integrity and commitment to ensuring a trust is managed and administered per the trustor’s wishes. Unfortunately, sometimes, trustees will exploit their position and use trust … Read More
Trust administration is an incredibly time-consuming, costly, and emotionally exhausting process. Especially in the instance of the loss of a loved one, emotions further complicate things. Because of this, trust creators or beneficiaries sometimes choose to waive a trust accounting … Read More
If you have a special needs loved one, you want to ensure they have all the resources to live a fulfilling life after you pass, but they likely require support that government benefits are insufficient to provide. Unfortunately, leaving a … Read More
Typically, distribution of trust assets will take 12-18 months for a beneficiary to receive trust assets in trust account distribution. This time can be extended without considerable CPA expertise. The process can be complicated, and knowing what to anticipate can … Read More