My sister and I were both a trustee of our parents’ estate. Because there are a lot of details neither of us was aware needed handling, it was a good thing for us. There are a number of complicated steps required by law when administering a trust & that’s what we’re discussing on the show.
You may be saying, “But, doesn’t having a trust avoid the legal work associated with a death?” Unfortunately not.
When someone dies, the process is very nearly the same whether there is a trust or probate. The difference between trust administration and probate is that the trust administration is done privately, while probate is handled publicly in court, and usually, probate is much more expensive. In a probate, the executor is required to use specific form documents and to get a judge’s permission to act, but the basic steps that must be covered in probate are very similar to the steps covered in a trust administration.
If you are the sole trustee as well as one of several beneficiaries, there are many steps you need to understand. Kirsten of the Absolute Trust Counsel is here to walk us through the most important things to know.
There are three things necessary for a podcast to be successful. One, great listeners like yourself. Two, sponsors who help cover the expenses of producing the podcast. Three great listeners who help support the podcast by taking advantage of the sponsors' special offers. With that said, here are our sponsors;
Your medical records are now in your hands. PicnicHealth collects, digitizes, and encrypts all your medical records—then arranges everything in one intuitive timeline. No need to worry about a doctor's note or the lab results. It's all there for easy reference, right when you need it.
With Relevate nutritional supplement, you get science-backed nutrition to help protect your brain power today and for years to come. You deserve a brain span that lasts as long as your lifespan.
Join Fading Memories On Social Media!
If you've enjoyed this episode, please share this podcast with other caregivers! You'll find us on social media at the following links.
Fading Memories was created to support family caregivers in a simple, on-demand form. When I was looking for advice on caring for my Mom, I needed this podcast. Since it didn’t exist, I created what I needed!
