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| noggin wrote: - quote - > Any tips or caveats on what's involved for a trustee to close out a
I think the Nolo Press book for executors ("The Executor's Guide")> trust? I mean the once-revocable type, but say the originator died > and you're a candidate to supervise final distribution. I realize US > state regulations apply, but what in general tends to happen? Examples > can help to guide research, and anyway the vehicle is supposed to > be one that saves heavy legal consultation. covers this. I don't know where you are but here in CA every big book store has these, you could check & see if it helps. If you're not familiar w/them, Nolo publishes a bunch of excellent self-help legal books: www.nolo.com -Tad |
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#1
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| Maybe trustee resignation isn't accepted by courts unless final accounting is shown to their satisfaction somehow. |
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| Any tips or caveats on what's involved for a trustee to close out a trust? I mean the once-revocable type, but say the originator died and you're a candidate to supervise final distribution. I realize US state regulations apply, but what in general tends to happen? Examples can help to guide research, and anyway the vehicle is supposed to be one that saves heavy legal consultation. The trust has instructions for how to disperse and a trustee always has the option of resigning, but is this all? Should the trustee be reporting formally or informally where the money has been dispersed? Should trustee hang on for a long time with a small reserve fund just to be prepared for disputes (post probate)? tks |
| Tags |
| exit, strategy, trustee |
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