Tag Archives: trustee

Advice for Executors: Get Help

Having cleaned up many messes created by people with good intentions, I highly recommend individual executors, personal representatives, and trustees obtain and follow the advice of qualified advisers. Estate Executors: An Honor…and a Pain

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Trustees and the Attorney-Client Privilege

The fiduciary exception to attorney-client privilege is fertile ground for trust litigation.¬† I’ve seen many situations where the attorney is advising¬† his or her client on the same matter, with the client as the Trustee and as the beneficiary of … Continue reading

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The 5 biggest mistakes a Trustee can make

This article from Barrons is a bit understated in some respects, but the points made are important ones. The Five Biggest Ways To Bungle a Trust  

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Couple Sues Estate Planners After Investments Wind Up in Madoff Feeder Fund

So what are the fiduciary issues in this article?¬† When a professional adviser (e.g., an attorney, CPA, CFP, etc.) directs clients to use a specific investment manager, as well as provide some oversight with regard to the investment manager, does … Continue reading

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Dynasty Trusts Let U.S. Wealthy Duck Estate, Gift Taxes Forever

Courtesy of Bloomberg: http://www.bloomberg.com/news/2011-07-28/dynasty-trusts-let-u-s-wealthy-duck-estate-gift-taxes-forever.html

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Correct Trust Principal and Income Accounting is Critical!

Not too long ago, I was called to help out the remainder beneficiaries of a Trust. These beneficiaries were siblings and their dad had passed away. Before he died, Dad had been an income beneficiary of a separate Trust for … Continue reading

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