Don’t Leave Your Trust to Chance Why Choosing the Right Trustee Matters
You have to make many crucial decisions when creating and updating your Estate Plan. Most Americans already know they have to determine how their assets will be distributed, but you’ll also have to decide who will take on some crucial responsibilities. In addition to financial and medical powers of attorney, responsible for making medical and financial decisions on your behalf if you become incapacitated, you’ll also need to name a successor trustee if you’re creating a trust. A Trustee is the individual or entity you appoint to manage and administer your trust in accordance with your Estate Plan. Many responsibilities exist within this role, which is why it’s so vital you choose someone trustworthy. This person will be responsible for managing the assets within your trust, which means they’ll be in charge of investing assets, making distributions, and performing other functions as laid out in the trust.
Trustees must also maintain accurate records for all trust transactions and provide updates to all beneficiaries. They will also have to ensure the trust stays tax-compliant and file a tax return for the trust. Trustees are also required to exercise care and loyalty while being transparent about every action they take regarding the trust. Trusts can be an incredibly beneficial tool when creating your Estate Plan. You should not haphazardly throw a trust together using a do-it-yourself program. It could be negated and completely irrelevant if you don’t execute it properly. By working with our team, we’ll make sure your Estate Plan reflects your wishes, take the critical extra step of funding your trust with your intended assets, and answer any questions about trusts,
Trustees, and anything else related to your Estate Plan! Call us today if you need to create or update your Estate Plan. We’ll help you gain peace of mind about the future!
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Thursday, Feb. 13, 10 a.m. Boca Office: 2500 N. Military Trail, Ste. 470 Boca Raton Tuesday, Feb. 25, 10 a.m. Spanish River Library: 1501 NW Spanish River Blvd, Boca Raton Tuesday, March 11, 2 p.m. Boca Office: 2500 N. Military Trail, Ste. 470 Boca Raton Tuesday, March 25, 10 a.m. Spanish River Library: 1501 NW Spanish River Blvd, Boca Raton Tuesday, April 8, 2 p.m. Boca Office: 2500 N. Military Trail, Ste. 470 Boca Raton
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Tuesday, Feb. 4, 10 a.m. Naples Bay Resort & Marina: 1500 Fifth Avenue South, Naples Tuesday, Feb. 18, 10 a.m. Hilton: 5111 Tamiami Trail N, Naples Tuesday, March 4, 10 a.m. Naples Bay Resort & Marina: 1500 Fifth Avenue South, Naples Tuesday, March 18, 10 a.m. Hilton: 5111 Tamiami Trail N, Naples Tuesday, April 1, 10 a.m. Hilton: 5111 Tamiami Trail N, Naples Tuesday, April 22, 10 a.m. Naples Bay Resort & Marina: 1500 Fifth Avenue South, Naples
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To reserve a spot, call us at 561-955-8515 ! For more information visit our website SiegelLawGroup.com !
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