"Estate Planning Strategies" -- Chapter 53, "Choosing a Trustee for Your Living Trust" by Glenn D. Price

One of the most important aspects of executing a successful estate plan for yourself and your family is the selection of a trustee. Because a trustee's responsibilities are serious and sometimes time-consuming, it is prudent to evaluate your options carefully before making a selection.

Whom should you choose as trustee?
If you are creating a revocable living trust, you will probably serve, at least initially, as the sole trustee if you are single, or as a co-trustee with your spouse if you are married. You are essentially wearing three hats as the: 1) grantor -- setting up the trust and putting assets into it; 2) trustee -- owning, managing, and distributing the trust assets; and 3) trust beneficiary. A critical decision you must make is who to name to serve as your successor trustee if you should resign, if you become disabled or incapacitated, and when you die.


"Deciding if a Child is Trust-Worthy"
-- June 3, 2009 by Stacey L. Bradford
Parenting is more than reading to your children or getting them to eat their vegetables. It's also about securing their financial future.

"Covering Your Assets" -- April 12, 2009 by Mark Klimek
Family limited partnerships are getting renewed attention, thanks to recent tax-court victories.

"The Right Steps" -- April 12, 2009 by Michaela Cavallaro
When it comes to blended families, estate planning can be a special kind of hell.

"The Mess They Left" -- April 13, 2009 by Suzanne Barlyn
Many people die with nothing in order. Here's some help sorting it all out.

"Financial Prescription" -- April 13, 2009 by Shelly Banjo and Kristen McNamara
For those coping with a chronic illness, estate planning is especially critical.

Links -- Estate Planning

Wealth Management Northwest, Inc. is an independent, privately owned Investment Advisor registered with the State of Washington and  is licensed to offer advisory services to residents of Washington, and Oregon.

Voldal Wartelle & Co., P.S. provides services throughout the Pacific Northwest for clients whose annual revenues range from a few hundred thousand to $100 million.

Comprehensive Wealth Management is a financial planning and investment management firm that specializes in leveraging and increasing assets for executives, professionals and small business owners.

Links -- Government

Internal Revenue Service
The official site of the Internal Revenue Service, where you can acquire information, download forms, and learn about e-filing.

Internal Revenue Service Non-Profit Search Site

Search for non-profit organizations.

Links -- Legal

Tax Library
Tax Library offers up-to-date information on tax laws and "loopholes", for a fee. The site is designed as a research tool for accountants.

Links -- Miscellaneous

SightLife restores sight to more than 20 men, women, and children each day. This is accomplished through eye banking, which is the recovery and placement of eye tissue used in cornea transplants.

Freedom Foundation
The Freedom Foundation is a non-profit educational research organization with the goal of making non-partisan research accessible to voters.

Guidestar is a searchable database of more than 640,000 non-profit organizations in the United States.

Starlight Children's Foundation

The Starlight Children's Foundation, established in 1983, is an international non-profit organization dedicated to brightening the lives of critically, chronically, and terminally ill children.

The American Red Cross
The American Red Cross is a non-profit organization that helps in a lot of different ways, ranging from disaster relief to maintaining the nation's blood supply.

United Way

The United Way is a voluntary organization dedicated to helping people by uniting individuals and institutions in a community-wide effort to plan, support, deliver and evaluate effective human-service programs that are responsive to changing community needs.

Moving Forward
Helping seniors relocate and downsize with ease.

NOTE: This information is designed to provide a general overview with regard to the subject matter covered and is not state-specific. The authors, publisher and host are not providing legal, accounting or any other advice which purports to be specific to your situation. The contents of this website are believed to be completely reliable. Nevertheless, some material may be affected by changes in the laws or interpretations of such changes since the material was entered on the website. If legal advice or other expert guidance is required, the services of a competent professional in the field of law, accounting, insurance or investments should be sought.

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