Blog Category - Trust Administration Page 3

Name: Strauss Attorneys PLLC
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Nov

An Overview of Trusts and What it Means to be a Trustee

What is a trust and what are the powers, duties, and potential liabilities for serving as a trustee of a trust? A trust is a fiduciary relationship with respect to property in which one person (the trustee) holds the legal title to trust property for the benefit of another person...

Nov

Keeping Beneficiaries “Happy” Leads to Punitive Damage Award

In April 2017, I was made aware of a case arising out of Mississippi where a corporate trustee was the trustee of a trust left for the benefit of a widow. The case discussed at length how far the trustee went to conceal from the trust beneficiary the fact that the trust corpus wa...

Nov

2017 Brings Big Changes for Captive Insurance Owners: The PATH Act Diversification Tests for Section 831(b) Captive Insurance Companies

In 2015, Congress passed the PATH Act, enacting substantial changes to the law governing captive insurance companies, Internal Revenue Code Section 831(b). This article briefly discusses how those changes affect the use of captives in combination with certain estate planning te...

Nov

The Many Pieces of Resting in Peace

For many people, end of life planning means having a good will and a better prayer. Some may also think about doing a trust, healthcare power of attorney, living will, long term care planning and even talking things over with family. But many people fail to think about funeral a...

Nov

Video Series: Successful Successor Trustee Workshop – Part 1, Overview

Part one of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC law firm in Asheville, NC. Learn about the law, documents, and fiduciary roles when it comes to being a successful trustee. We want prepare you for performing the roles and duties of trustee...

Nov

Video Series: Successful Successor Trustee Workshop – Part 2, Role of the Trustee

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Nov

Video Series: Successful Successor Trustee Workshop – Part 3, After Death of Trustmaker

Part three of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC. law firm in Asheville, NC. Here we discuss the role of trustee after someone has died and educate you about the law, documents, and fiduciary roles when it comes to being a successful tru...

Nov

Video Series: Successful Successor Trustee Workshop – Part 4, Asset Handling

Part four of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC. law firm in Asheville, NC. Here we cover how to handle different types of assets and estate and educate you about the law, documents, and fiduciary roles when it comes to being a successor...

Nov

Video Series: Successful Successor Trustee Workshop – Part 5, Taxes

Part five of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC. law firm in Asheville, NC. Here we discuss income tax and gift and estate tax systems and educate you about the law, documents, and fiduciary roles when it comes to being a successor trust...

Nov

Video Series: Successful Successor Trustee Workshop – Part 6, Management of Assets

Part six of the Successful Successor Trustee Workshop, provided by Strauss & Associates law firm in Asheville, NC. Here we review the management of assets and educate you about the law, documents, and fiduciary roles when it comes to being a successor trustee...

Nov

Video Series: Successful Successor Trustee Workshop – Part 7, Liabilities

Part seven of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC. law firm in Asheville, NC. Here we overview the liabilities you may be personally held to as a trustee and educate you about the law, documents, and fiduciary roles when it comes to being...

Nov

Video Series: Successful Successor Trustee Workshop – Part 8, Resources

Part eight of the Successful Successor Trustee Workshop, provided by Strauss Attorneys PLLC. law firm in Asheville, NC. Here we describe the resources available to assist and educate you about the law, documents, and fiduciary roles when it comes to being a successor trustee. We ...

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