Jan 21, 2022 · Depending on the trust, a trustee’s duties can include managing trust assets, making distributions to beneficiaries, paying taxes, and creating an annual report of all income …

Trustees are entitled to reasonable fees for their services. Family members often do not accept fees, though that can depend on the work involved in a particular case, the relationship of the …

Jul 24, 2024 · A trustee is the person or institution appointed to manage a trust on behalf of beneficiaries of the trust. Being a trustee is a significant responsibility. Those serving in this …

Jan 12, 2024 · As a trust beneficiary, you may feel you're at the mercy of the trustee. However, depending on the type of trust, beneficiaries may have rights to ensure the trust is properly …

Oct 6, 2023 · If you aren't comfortable with having a stranger manage the trust, it may be possible to choose a family member and a professional trustee as co-trustees. The downside to hiring …

Apr 16, 2024 · In Nigeria, a Will is more popular than a Trust. A Trust doesn't usually stand on its own but as part of a Will and this explains why you have executors and trustees in a Will. The …

Dec 13, 2019 · What powers should the trustees have? Work With an Estate Planning Attorney You'll have to decide on these and other issues when setting up a trust. More complex trusts …

May 9, 2024 · The creator of a revocable trust, often called the "grantor," "donor," or "trustor," can make whatever changes she wants. She does not have to tell the beneficiaries that she is …

Mar 7, 2025 · Co-Trustees Even family members with great relationships and the best of intentions can argue over the administration of your estate. All it takes is two inheritors and …

Dec 21, 2023 · Ask for an accounting. If the trustee won’t provide it, seek a court order that forces them to share all information regarding the assets in the trust, including records of financial …