When a loved one suffers from a mental illness, one small comfort can be knowing that your trust can take care of them through thick and thin. There are many ways this can happen- ranging from the funding of various types of treatment to providing structure and support during his or her times of greatest […]
Trustee
How A Corporate Trustee Is Different From Austin Estate Planning Lawyer Liz Nielsen
In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on behalf of the trust, manages the trust’s investments as its trustee, and follows the trust’s instructions on making distributions. A […]
Selecting a Trustee of a Special Needs Trust – Some Things to Consider From Austin Estate Planning Lawyer Liz Nielsen
Today we are sharing a post from the Special Needs Allicance newsletter The Voice. The Voice is the e-mail newsletter of The Special Needs Alliance. This installment of The Voice was written by Special Needs Alliance member Daniel Surprenant, CELA, who practices law in Massachusetts. Selecting a Trustee – Some Things to Consider Parents and […]
Should Your Child’s Guardian and Trustee be the Same Person? From Austin Estate Planning Lawyer
If you have overheard any discussion about estate planning, you have likely heard the words “guardian” or “trustee” tossed around in the conversation. When it comes to estate planning, who will be ultimately in charge of your minor child is an important decision that requires consideration of many factors. Although there is no substitute for […]