Tag Archives: trustee

Advice for Executors: Get Help

Posted on September 21, 2011 by Steve Masterson

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

Posted on August 23, 2011 by Steve Masterson

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

Posted on August 19, 2011 by Steve Masterson

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

Posted on August 10, 2011 by Steve Masterson

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

Posted on July 28, 2011 by Steve Masterson

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!

Posted on July 28, 2011 by Steve Masterson

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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