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Trustee Manual: Checklists and Guidelines for Living Trust Administration

$199.00 $149.00

THE ULTIMATE SUCCESSOR TRUSTEE MANUAL
150 PAGES OF INDISPENSABLE INFORMATION

Downloadable E-Book

The purpose of this Manual is to give you, the Successor Trustee, a general understanding of what to expect and what needs to be done, along with some simple checklists and guidelines to assist you. As already stated in the “Disclaimer”, this Manual is not a substitute for proper legal advice and assistance, but it can give you a great deal of help and peace of mind, whether you choose to handle the position of Trustee on your own, or with the assistance of an attorney.

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  • Product Description

    When a Living Trust is established, the person setting up the Trust as part of his or her estate plan (the “Trustor”) usually serves as initial “Trustee” in charge of the administration of the Trust and the handling of the Trust assets. For that initial Trustee, handling the Trust is pretty much “business as usual”, with the exception that title to assets (and, in some cases, beneficiary to assets) is placed into the name of the Trust.

    However, when the Trustor can no longer act as Trustee for himself or herself because of disability, incapacity, or death, then the Successor Trustee (or more than one “Co-Trustees”) named in the Trust document is called upon to take over. Unfortunately, even though the Successor Trustee may be an individual in whom the Trustor had great trust and faith in being able to handle the affairs of the Trust, most Trustees have never done this before and really have no idea what to do or how to do it. Many Trustors, as well as Trustees, may even think that the Living Trust will automatically take care of everything, without any work involved by anyone!

    The purpose of this Manual is to give you, the Successor Trustee, a general understanding of what to expect and what needs to be done, along with some simple checklists and guidelines to assist you. As already stated in the “Disclaimer”, this Manual is not a substitute for proper legal advice and assistance, but it can give you a great deal of help and peace of mind, whether you choose to handle the position of Trustee on your own, or with the assistance of an attorney.


    TABLE OF CONTENTS
    Introduction…………………………………………………………………………………i
    About the Author……………………………………………………………………………ii
    SECTIONS
    Chapter 1: Brief Overview of How a Living Trust Works
    Chapter 2: Before Getting Started: A Few Important “Do’s” & “Don’ts”
    Chapter 3: Checklist of Immediate Actions Upon Disability or Incapacity
    Chapter 4: Checklist of Immediate Actions Upon the Death of the First Spouse
    Chapter 5: Checklist of Immediate Actions Upon the Death of an Individual (Or the Surviving Spouse)
    Chapter 6: Reviewing the Trust (And Other Estate Plan Documents)
    Chapter 7: Tips On Working Successfully With an Attorney (And Other Professional Advisors)
    Chapter 8: Tips On Working Successfully With the Beneficiaries
    Chapter 9: Your Trustee Duties
    Chapter 10: Your Trustee Powers
    Chapter 11: Your Liability as Trustee
    Chapter 12: Maintaining Title to Assets, Transacting Business & Paying Expenses
    Chapter 13: Investing Trust Assets
    Chapter 14: Recordkeeping
    Chapter 15: Income Taxes
    Chapter 16: Estate Taxes
    Chapter 17: Accounting to the Beneficiaries
    Chapter 18: Making Distributions to the Beneficiaries
    Chapter 19: Transition to Another Trustee
    Chapter 20: Termination of the Trust
    Chapter 21: Your (And the Beneficiaries’) Own Estate Plan
    Chapter 22: Important Addresses and Phone Numbers
    Chapter 23: Location List
    Chapter 24: Other Documents

  • Additional Information

    Pages

    150

    Media

    Digital

    Language

    English

    Author

    Attorney Joseph C. Jones

    Publisher

    Jones Law PLC