Posted by taxguru on May 1, 2003
New State Laws Complicate Naming Relatives as Trustees – There are plenty of very good reasons to set up trusts, both while you are alive and for after you have passed on. This article has some good tips on selecting a trustee, such as deciding between using a relative or a professional service, such as a bank, or a combination of those. I’ve worked with clients using dozens of variations of these, each with their own peculiarities and no universal one size fits all best way to set things up.
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