Can I Open Checking Account as Successor Trustee While Primary is Still Alive?

Today’s question comes from Waukesha Wisconsin and the reader has the following can I open a checking account in the name of a trust if I am the only successor trustee while the primary is alive so by primary I think they mean the grantor the creator of the trust who’s probably still serving as […]

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Should I Agree to Be Trustee of My Relatives’ Trust for Their Kids?

This is an area that I find many people stumble into without really understanding the consequences of their accepting this appointment from a relative. If you’re not familiar with the fiduciary duties, the obligations that are imposed upon you when you accept the responsibility of managing someone else’s wealth, we really need to have a […]

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Trustee and Beneficiaries | Cary NC | Carolina Family Estate Planning

Why might I not want my beneficiaries to receive everything right away when I die? There can be a lot of reasons where you might not want your beneficiaries to receive their inheritance immediately. Perhaps they’re too young or not ready for their financial responsibility yet, and they might be prone to frivolous spending or […]

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