The Essential Duties of a Trustee

The general duty of a trustee is to administer the trust expeditiously for the benefit of the beneficiaries.

Powers of a Trustee – A Lay Person’s Overview

A trustee cannot transfer his office to another or delegate the entire administration of the trust to a co-trustee or another.

How to Administer a Trust

If more than one trustee is acting, the trustees own the trust assets with survivorship rights similar to those of joint tenants.

Protecting Trust Assets and Identifying the Trust for Tax Purposes

Once the trust agreement has been signed and assets have been transferred to the trust, the trust agreement is fully operative as to those assets.

All About Individual Retirement Accounts (IRA)

In determining how to deal with an IRA during the estate-planning process, various tax considerations unique to each person must be taken into account.

Funding a Trust – A Simple Checklist of Assets

In most circumstances, a revocable trust will be created primarily for tax and estate planning purposes.

What is an Irrevocable Life Insurance Trust?

The use of any trust for estate planning purposes ultimately will depend on a variety of factors, including the size and complexity of the estate.

What is a Living Trust and Who Should Consider One?

A living trust is a legal entity that is created and holds title to assets during the life of the person who places assets inside the trust.

Ten Common Misconceptions about Wills

Most estates will not be subject to taxation with or without a living trust.

Types of Wills and Legal Requirements for Creating Your Will

The law of wills differs from state to state. This chapter is based entirely on Arizona law.