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What Is a Successor Trustee?

A successor trustee is an individual or entity appointed to take over the management and administration of a trust after the original trustee (often the trust's creator or grantor) is no longer able to fulfill the role due to incapacity, resignation, or death. The successor trustee ensures that the trust operates smoothly and that the grantor’s wishes are carried out.

2024-08-26T09:06:03+00:00By |Articles|0 Comments

9 Things You Need to Know About Special Needs Trusts

A Special Needs Trust (SNT) is a legal arrangement designed to provide financial support for an individual with disabilities without jeopardizing their eligibility for government benefits such as Medicaid and Supplemental Security Income (SSI). The trust can hold various assets, including cash, property, and investments, and is managed by a trustee.

2024-08-26T09:06:21+00:00By |Articles|0 Comments

9 Things You Need To Know About Revocable Living Trusts

A Revocable Living Trust is a legal document that allows you to place your assets into a trust while retaining control over them during your lifetime. You can act as the trustee, managing the assets and making changes as needed. Upon your death, the assets are transferred to your beneficiaries without going through probate.

2024-08-26T09:06:42+00:00By |Articles|0 Comments
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