We understand the importance of effective communication with our clients. We keep you informed, and we work closely with your family and business to follow the latest trends in estare planning and are able to take advantage of the latest tax developments. We work closely with your advisors to make sure that your estate plan is integrated with your business and retirement goals. We use cutting edge technology to be available to you 24/7.
Trustee is a person or an entity that is... Read more »
We understand the importance of effective communication with our clients. We keep you informed, and we work closely with your family and business to follow the latest trends in estare planning and are able to take advantage of the latest tax developments. We work closely with your advisors to make sure that your estate plan is integrated with your business and retirement goals. We use cutting edge technology to be available to you 24/7.
Trustee is a person or an entity that is responsible for taking care of the assets within a trust on behalf of and for the primary benefit of the beneficiaries. The corpus (assets) of the trust do not belong to the trustee, and in fact, trustee can’t use any assets of the trust in any way to directly benefit the trustee. Instead, trustee has a fiduciary responsibility to manage the trust in the best possible way for the beneficiaries. Should they fail in this responsibility, they could be held responsible for any losses, mismanagement and/or self-benefit.
A job of trustee is tricky and required counsel of an experienced attorney. As compensation for such difficult job, trustee may be entitled to compensation in the form of commissions.
Collapse
