If you are the creator, a co-trustee, or a beneficiary of a family trust and you believe a trustee is not acting properly, there are ways to go about removing or replacing a trustee.
A family trust is an estate planning tool used to pass down wealth from one generation to another efficiently. The term “family trust” doesn’t refer to a specific type of trust—rather, it’s a colloquial term used to describe trusts set up to benefit family members. There are three p...
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How to Handle a Family TrustQ: Both my parents created revocable trusts during theirlifetimes. I am trustee. My father died...By DinnenSteve
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Are You Rich? How to Define the Wealthy More Getty Images But if you're wondering how to define being wealthy, the question can be an interesting intellectual exercise. So if you're wondering if you're rich, there is a lot to consider. Becoming rich isn’t easy, especially ...
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This structure provides an individual with a ”present right to the present enjoyment” of something, so the trustee must pass on all trust income to the beneficiary as it arises (less any expenses and tax). This type of trust can give the ”interest in possession” to a beneficiary for a...