A Book for Trustees
The summary of the book from Nolo is below:
Learn the ins and outs of being a trustee with this guide to the complex tasks that face every trust administrator. You’ll learn exactly how to proceed once you’re named as a trustee, including handling paperwork, keeping beneficiaries informed, deciding when and if to call in professionals, and how to work with them once they’ve been hired. Get crucial legal information on:
- what the job of trustee entails
- determining whether or not to take the job
- finding and working with legal and tax experts
- what to do with assets that should be in the trust but aren’t
- subtrust funding
- managing an ongoing trust
- paying debts and taxes
- keeping good records and avoiding challenges to your actions
- terminating the trust
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