Probate: What It Is & How To Avoid It — Part 2
To spare your loved one’s the time, cost, and stress inherent to probate in part one of this series, we explained how the probate process works and what it would entail for your loved ones. Here in part two, we’ll discuss the major drawbacks of probate for your family, and outline the different ways you can help them avoid probate with wise planning.
Trust Administration: A Comprehensive Guide
Trust administration involves carefully managing and distributing a trust’s assets according to the wishes of the trust’s creator (the grantor). The trustee who oversees this process has a fiduciary duty to act in the best interests of the beneficiaries, managing assets with integrity and attention to detail. Trust administration is critical, ensuring the grantor’s wishes are honored, and the beneficiaries receive their due entitlements. In the complex world of trust administration, seeking professional support is not just an option, but a necessity that can provide reassurance and peace of mind to all parties involved.