Trust Mistake on the Back End
A trust mistake often occurs with refunds and prematurely closing out accounts. When addressing time, trustees may want
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Trust Backup Planning
Backup planning for a trust or estate plan starts with addressing bad day scenarios. Selecting an alternate trustee is not good enough when
Registered Agents for a Business in Minnesota
Registered Agents and trustees serve a business in different capacities. An agent's job is to be available for service of process while trustees
RMD and Required Minimum Distributions
RMD is an acronym for "Required Minimum Distribution". RMD is a fancy term used to describe rules and requirements on time and money. For an estate plan
Everybody Died and My Corporate Trustee Increased Their Fees
When I meet with families for the first time, identifying a corporate trustee within a revocable trust is always an unusual conversation. Before describing why, lets quickly outline what it means to identify a third-party trustee that is unrelated to…
My Trustee is Dead and Minnesota’s Confusing Trustee Laws
So, your Trustee is dead? First, I sympathize with you and your family. Second, lets assume the trust was valid. Generally, these are the next couple of steps: Read and follow the trust document(s), Comply with Minnesota’s Duty to Inform…