The Essential Duties of a Trustee
The general duty of a trustee is to administer the trust expeditiously for the benefit of the beneficiaries.
The general duty of a trustee is to administer the trust expeditiously for the benefit of the beneficiaries.
A trustee cannot transfer his office to another or delegate the entire administration of the trust to a co-trustee or another.
If more than one trustee is acting, the trustees own the trust assets with survivorship rights similar to those of joint tenants.
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.
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.
In most circumstances, a revocable trust will be created primarily for tax and estate planning purposes.
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.
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.
Most estates will not be subject to taxation with or without a living trust.
The law of wills differs from state to state. This chapter is based entirely on Arizona law.
4835 E. Cactus Rd., Ste 145
Scottsdale, AZ 85254
Phone: (602) 971-4800
Fax: (602) 953-3621
Map | Details
1670 E. River Rd., Ste 250
Tucson, AZ 85718
Phone: (520) 615-3100
Fax: (520) 615-3110
Map | Details
11811 N. Tatum Blvd., Ste. 3031
Phoenix, AZ 85028
Phone: (480) 795-5300
Fax: (602) 953-3621
Map | Details
2550 W. Union Hills Dr., Ste. 350
Phoenix, AZ 85027
Phone: (602) 883-8373
Fax: (602) 953-3621
Map | Details
131 N. 6th Street
Show Low, AZ 85901
Phone: (602) 971-4800
Fax: (602) 953-3621
Map | Details