The Professional Trustee

09/27/2021

Meet the newest member of The Professional Trustee team: Janyl Blatt -

11/23/2020

The deceased's objectives inform the trustee's management of the asset of his public legacy - witness this hypothetical estate plan for Kayne West. https://snip.ly/e1z3ig Prof. Thomas Simmons - SSRN

One inventory item in megastar Kanye West’s vast portfolio merits particular care – his right of publicity. The right of publicity, a property interest, represe

11/18/2020

A trustee who is a bad fit for your trust and family can cost dearly in money, delays and family harmony. In this article, I discuss 7 different facets many don't understand until it's too late. https://tinyurl.com/y5z4gnd9

11/11/2020

Learn the important but odd trustee phrase "per stirpes" from this report of a court's resolution of a real-life family estate dispute. https://snip.ly/pyu7rl Probate Stars

The Connecticut Supreme Court determined the stirpital root for per stirpes distribution was the child generational level in this trust case.

11/04/2020

Co-trustees' multi-state dispute is a warning to get clear & prepared on how a trust with multiple trustees will really work. https://snip.ly/rmbbq2 David Johnson - National Law Review

In Duncan v. O’Shea, three co-trustees brought a declaratory judgment action against a fourth co-trustee, seeking a declaration that the sale of trust real property was valid over the

11/02/2020

Building on this solid trust primer, consider whether a family member or a non-family member is a better fit as your trustee. One size doesn't fit all. https://snip.ly/geomg5 Bob Carlson- FORBES

Trusts are essential to many estate plans, but few people understand them well enough.

10/29/2020

Good advice from lawyer/CPA for you to coordinate your trustee and advisors in advance to efficiently transfer your estate to your loved ones when the time comes. https://snip.ly/79oppr Christopher Wright - Kiplinger

These all-too-common misconceptions can steer your estate plans in the wrong direction right from the start. Here’s how to overcome them and tips to build the right plan for your family.

10/28/2020

Important study shows good estate preparation lessens economic inequality: assets of those with less wealth are more vulnerable without basic trust and estate planning. https://snip.ly/2yl42g Law Professor Danaya Wright - SSRN

In this article, I analyze many of the differences between testate and intestate decedents and suggest areas of concern for law- and policy-makers, as well as p

10/27/2020

Court short-circuits its analysis of whether the successor trustee may be liable for not chasing after the trust-violating prior trustee, ignoring the non-cancel-able duty of good faith. https://snip.ly/fhqiy2 David Johnson - JD Supra

In Benge v. Roberts, a beneficiary sued co-trustees and sought to remove them for breaching duties by not considering claims against a former trustee....

10/26/2020

Spot-on message from entrepreneur: How you want your trust administered reflects your values, impacting your legacy with both your financial and non-financial wealth. https://snip.ly/99d3v9 Shu Saito - FORBES

A trust is about more than just money; it reflects your values and the legacy you want to leave behind.

10/23/2020

Chadwick Boseman's estate proves (again) how important it is to "get on up" with preparedness, especially your trustee and the holders of your powers -super or not. https://snip.ly/ew9f6y Celebrity Estates Podcast

Ep 35 – Chadwick Boseman: Estate Planning Essentials for Clients With a Diagnosis –– With Jacqueline Bevilaqua October 5, 2020Celebrity Estates, Estate Planning, Finance, Financial, Investing, UncategorizedBe Prepared, Chadwick Boseman, David Lenok, Estate Planning, estate planning hurdles, es...

10/21/2020

Contrary to current wisdom, your trust & will have a lot to say to the world about you even before they go into effect. There's a lot in this law professor's journal article. (free download) https://snip.ly/hbbf8y Katheleen Guzman - Brooklyn Law Review