The Trustee is responsible for administering the trust until he/she resigns, is removed, or until the trust terminates. The way a trust … [Read more...] about How long does it take to administer a trust?

Administering a trust typically involves a wide range of duties and responsibilities that require legal and/or financial experience, skills, … [Read more...] about What is involved in trust administration?

The Settlor of the trust may appoint anyone to be the Trustee of the trust. This often leads to one of the most common trust mistakes, … [Read more...] about Who chooses the Trustee?

A trust agreement is the name of the document used to create a trust. Within the trust agreement are the terms, created by the Settlor, that … [Read more...] about What does it mean to administer a trust?

Trusts can be further divided into revocable and irrevocable trusts. A revocable trust can be revoked or terminated by the Settlor at any … [Read more...] about What is the difference between a revocable and an irrevocable trust?

All trusts can be broadly divided into two categories – testamentary and living trusts. A testamentary trust is one that does not become … [Read more...] about Are there different types of trusts?

At its most basic, a trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a … [Read more...] about What is a trust?