Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

A trustee is the person — or sometimes the institution — responsible for managing your trust and making sure your money and ...

An important estate planning decision that you could face when setting up a living trust is choosing a trustee or trustees to oversee it. Appointing multiple trustees can enhance the management of ...

Most people should consider having one or more trusts in their estate plans. To make decisions about trusts you must be aware of trust terminology and basic concepts about the most common types of ...

Finally, depending on how the trust is written, administration costs like legal defense, are charged against the trust and not to an individual beneficiary.

A grantee beneficiary is typically named in legal documents like a trust or a transfer-on-death deed. This designation allows the original asset owner (the grantor) to specify who will receive the ...

A trust is a legal agreement establishing how assets will pass from one owner to another when certain conditions are met.

Selecting the right trustee is one of the most important decisions in setting up a revocable living trust, according to Chicago revocable trusts lawyer Mary Liberty of Illinois Estate Law ( In ...

Trust companies and individual trustees have a fiduciary duty to act in the best interest of beneficiaries. When beneficiaries with mental health issues are encountered, trustees are tasked with ...

A trust can be a valuable way to protect your estate, but there are many considerations to make when choosing the right type of trust for your needs. For example, does a revocable trust become ...