Death is a hard thing for many people to discuss. It is even harder to discuss your own and what will happen to your possessions after you pass and who is going to be in charge of your trust administration. Inverness families that are having to deal with their loved once property once they have passed without a trust administration causes them a lot more stress and pain than they are already feeling. It is best to elect someone to handle your affairs before you pass and save the ones you love the stresses of handling it themselves.
What is trust administration?
The administration of a trust is when someone puts another person in charge of following their will that they have planned prior to their passing. This can help make the process less stressful for families and allow the estate to get distributed properly without complication.
Who should I make a trustee?
It is a decision that is entirely your own but we do suggest hiring someone to do this – instead of a family or friend. Hiring an attorney to handle your trust administration is best. Not only do they have experience in the legal side of things but since they are not emotionally tide to the situation – they will be able to follow your wishes without attempting to go against them for personal reasons.
Should I hire someone to help me set up my trust administration?
Hiring an attorney would be your best bet. They can not only help you set up your will and become your trustee but they can also help you if there are any changes that need to be made. Doing this on your own can leave your family and friends open to doing with the legalities of everything and also leave your wishes open for interpretation.
If you want your wishes to get handled in a certain way and make sure everything is handled – the best thing you can do is hire an attorney to handle your trust administration. Inverness locals that have a trustee secured for when they pass away are able to live the rest of their days with their families without the stress of leaving them unprepared for the future.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Jhonston and Sasser*