Wealth Advisors Trust Company Blog

    January 9, 2020

    Trust Protector vs. Trustee

    Trust protectors are a result of evolving new developments in the trust industry. The role of a trust protector is still relatively new in modern day trusts. A big difference with a trust protector and a trustee is that a trust protectors’ role might not be specifically defined. Therefore, trust protectors are granted a wide variety of authority over the trust assets. With this power, the question arises if the trust protector is acting in a fiduciary capacity? The short answer, maybe. This depends on the trust and the state law.

    December 13, 2019

    Irrevocable Life Insurance Trust | What Does a Trustee Do?

    Trustees have an array of responsibility when executing an Irrevocable Life Insurance Trust (ILIT). Knowing how to choose the right Trustee to manage the ILIT will save a lot of...

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    November 27, 2019

    Thanksgiving can cause a Trust Agreement change

    Thanksgiving is one of the best holidays of the year. It is a time for families to gather for a hefty meal and look back on all the things they have been thankful for. It is als...

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    Antoine Burrell

    Recent Posts

    November 4, 2019

    Is It Time To Fire Your Trustee? | Wealth Advisors Trust Company

    Do you need to fire a trustee? Trustees control everything. If you are the beneficiary of a trust it is important for you to have easy access to your funds. Unfortunately, some trustees make itFalse

    October 28, 2019

    Easy Trustee Distributions | Wealth Advisors Trust Company

    The right trust document, paired with an easygoing beneficiary, creates easy trustee distributions. A trustee has two main responsibilities when administering a trust. The first is investmentFalse

    October 21, 2019

    Financial Advisor Risks with Delegated & Directed Trusts | Wealth Advisors Trust Company

    Any time someone takes on a fiduciary duty, there is risk involved.

    Financial advisors’ risk will very. Trust assets offer an opportunity for advisors to further assist their clients. Often,False

    October 15, 2019

    Delegated vs Directed Trusts - Changing a Trustee

    Delegated and Directed trust are the most common types of trusts. When deciding to make changes to a trust, for instance changing a trustee, depending on the type of trust this can sometimes beFalse

    October 4, 2019

    Texas vs. South Dakota: Who Has Better Trust Law?

    Creating a trust is an important step in protecting assets and providing for future beneficiaries. A states trust law is just as important. Living in Texas offers an array of benefits and taxFalse

    October 2, 2019

    Types of Trustee

    There are different types of trustees. Over the next decade, trillions of dollars will be passed to future generations. Trusts have become a common strategy for estate planning. Naming the rightFalse