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Trusts are powerful legal tools that enable individuals to manage and distribute their assets according to their wishes, even beyond their lifetime. Selecting a successor trustee — the individual or entity responsible for administering the trust in the event of your death or incapacitation— is a pivotal decision in the trust creation process. The successor trustee is responsible for managing and eventually distributing the trust’s assets to beneficiaries.
It’s been ten years since my Dad passed away. But I’ll never forget the experience of caring for my parents through their last years. So this month’s webinar on the aging process and long-term care is an especially poignant one for me. In memory my own caregiving experience – and in the hope that it might help other adult children facing their parents’ decline….