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Fax mark trustee

whether a person uses a will or a trust to administrator in a state or to pass property needs to be carefully reviewed with your attorney there are a lot of benefits to eat a trust document is becoming very prevalent today because it bypasses executor phase probate fees attorneys fees and a number of things that probate requires and some situations the probate just has to occur to wills the best avenue but if you do elect to go with the truck you sure your trust document establishes how your property is to pass the fiduciary duties the trustee or extreme the one of the highest duties under the law there the duties of mannose to his brother and the highest level of honesty integrity and dealing is required but the trustee is only responsible to execute the trust if the trust is loosely drawn and doesn't have restrictions on the trustee as to investment investment poems or if it doesn't does tell them to the trust act or have other protection the trustee has a lot more latitude than what an executor or someone administrating in the state who is actionable directly to the court through accountings and inventories the fiduciary duty requires the trustee to put only the interests of a beneficiary at hand and not to be reckless and to do what is necessary to produce income to distribute that income to the beneficiary and eventually the principal all according to how the trust is drawn the trustee should take the assets immediately it is possession and put them to work let them sit there and not earn income you shouldn't delegate powers to someone who is inappropriate or unable to do what he should do under the trust he may use delegates to further the interest of the beneficiary in expertise of investment but you should pick a trustee and has some basic idea about finance risk and making money grow today's economy that's a that's a hot ass for anybody but generally it should be someone that a you trust and be is smart with finance because this has is going to be tied with the rest according to the trust document it is one of the highest integrity that are required and a beneficiary subject the terms of trust agreement is entitled to an accounting and you will later upon request where are my assets where are better stated the trust assets what are they earning and what is the probabilities for the future some of the benefits of a trust is the fact that you can my ass probate probate can require a bond it's money down the drain it can assume me there's an honorable executor or trust any it can bypass a significant attorney's fees and it can bypass the expenditure of time a probe a requires and the filings with the court there are some probate procedures that are quicker and directly to the quality of an independent executor and they're worthwhile and in some situations you just have to probate a will but if you can create a revocable trust then if you wish you change the terms during your life you can simply make the changes to the you don't resist with tax advantages by doing that but unless you have a very very large estate that exceeds the exclusions for taxes it is a way to leave your family your wife your loved ones your children your church and wherever you wish your bounty together in such a way that they actually get and it does not many that all go to lawyers and trustees and executives