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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What is a Trustee? What is Their Role in Bankruptcy? Seattle Bankruptcy Attorney Eric Engel Explains

What is a trustee and what is the trustee’s role in the bankruptcy process? Hi. I’m Eric Engel, bankruptcy attorney with the Engel Law Group in Seattle, Washington. Trustee is simply the referee in the bankruptcy process, the person that is essentially the gatekeeper and controls the process from the beginning to the end. It’s […]

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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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Fort Worth Bankruptcy Lawyers | Can I Lose My Home in Bankruptcy | Texas Bankruptcy Law Firm

A debtor can lose their home most often by not making their mortgage payments timely or they can lose it to the IRS, if the IRS decides to levy and move in that direction. They can also lose their home if they fail to pay their property taxes depending on your jurisdiction and the laws […]

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