What Guidance Should I Give My Trustee?

Описание: Perhaps the most important part of your trust agreement is the guidance you give to your trustee. Under what circumstances should they give the trust's assets to its beneficiaries, and how should they manage those assets until that happens? Some trusts just tell the trustee to give assets to the beneficiaries for their health, education, maintenance, or support, and leave it to the trustee to figure out what that means. Others tell their trustees specific assets or amounts of money that they must distribute to the beneficiaries on certain, and don't give the trustee any discretion to do things differently. There are lots of different approaches in between those extremes. In this video, Denver estate planning attorney Dan McKenzie of The McKenzie Law Firm, LLC (303-578-2745, www.themckenziefirm.com) discusses the range of possibilities for instructing trustees on how to handle and distribute assets, and some of the things you must consider while putting together a trust agreement.