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 also a time that most estate planning attorneys say is a busy time of the year. Why is that? Aunt Susie or Uncle George might have said/done something to knock them out of the Will and Trust. Therefore, Thanksgiving can cause a trust agreement change.
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
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
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
Over the next decade, trillions of dollars will be passed to future generations. Trusts have become a common strategy for estate planning. Naming the right trustee is crucially important. ThisFalse
Delegated trust or directed trust? Everyone wants to know the pros and cons of each.
Directed trusts are newish (e.g. last 30 years). Delegated trusts have been around since the 1300's.
Neither aFalse
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