Many people who accept the role of executor for family and friends agree to serve in that capacity without seeking compensation. There may be little money in the estate and the duties may be perfunctory enough that there is no need to seek payment. But then there are...
Month: February 2021
Be very careful when you name someone as a trustee
Creating a trust as part of your estate plan can be a great decision. When properly structured and funded, a trust can protect your assets from creditors, help you qualify for government benefits as you age and reduce the likelihood of people challenging your legacy...
Decanting: What can administrators do about “bad” trusts?
In Washington and other states, the administrator of an estate trust has a fair amount of power. Sometimes, such power can result in improperly administrated trust documents. However, in most cases, estate administrators want to do what is right for decedents and...