by Dan Felix | Mar 1, 2024 | Successor Trustee
Don’t Wait Until It Is Too Late One of the prevalent and cruel myths in the trustscape is that the successor trustee has nothing to do until the disability or death of his predecessor. At first glance, this wrong idea makes some sense. After all, it reflects the legal...
by Dan Felix | Feb 15, 2024 | Successor Trustee
Offer this proven practice to help your clients enjoy a smooth transition and avoid litigation and other horrors Executive Summary Part 1: Problem and Solution: Despite excellent drafting, families experience distress and worse around trust administration, because of...
by Dan Felix | Jan 26, 2024 | Successor Trustee
I find giving an interview helpful in distilling my thoughts and experiences on successful intergenerational transition, especially so when the interviewer is thoughtful and passionate. So, here are some highlights from my interview by Jeff Bechar, principal of...
by Dan Felix | Jan 4, 2024 | Successor Trustee
Setting up your child’s Special Needs Trust for Success So, you’ve been taking terrific care of your adult special needs child— attending lovingly and steadfastly to the big picture as well as the endless details. How do you ensure a seamless transition to the time...
by Dan Felix | Dec 14, 2023 | Successor Trustee
You’re not finished with taking care of your family, even after you’ve signed your trust documents and transferred your assets into the trust. There’s more work to do to plan for these transitions and help your family be best prepared for it. This involves three main...
by Dan Felix | Dec 1, 2023 | Successor Trustee
What some savvy folk are doing to better face the inevitable Many families are investing in preparation before their trusts become effective to minimize and avoid anticipated problems— problems which, if allowed to fester, can be costly in both dollars and family...
by Dan Felix | Sep 18, 2023 | Successor Trustee
What’s Preparation Got To Do With It? It’s easy to understand how the culture and even many professionals think that there’s nothing for the successor trustee to do until the grantor is unable to act. After all, the grantor is doing just fine handling his money...
by Dan Felix | Sep 18, 2023 | Successor Trustee
The position of successor trustee can be of critical importance to your family. That’s because providing concise proactive service in advance can make the difference between a seamless transition and the unfortunately too-common scenario where the...
