This is the second article in a series of three articles intended to help trustees identify steps to be taken, and documents they might consider retaining, as part of the permanent trust records. Proper trust documentation may not only corroborate proper operation of a trust, but create a record to guide trustees and others in…
Trusts are ubiquitous in estate, tax, financial and asset protection planning. Everyone tends to be pretty focused on the decision process involved in creating a trust. However, clients and advisors alike tend to become less focused on the formalities of trust administration as the years pass. The following items, and remaining articles in this series,…
Introduction What steps can solo professional practitioners take to address succession planning? If you as a solo practitioner become incapacitated, who can step in to assist? What happens to your practice? If you don’t have partners it is vital that you are proactive to plan for life’s “what ifs.” What arrangements can be considered?…