Manage episode 522875708 series 3410802
As trustee, your role is to distribute someone else's money. But the emotions, expectations, and estate rules can make this role more complex than you expected. In this episode we explain how the legal process of inheritances work, how to manage beneficiary relationships, and how to accomplish all this in a tax efficient way.
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Chapters
1. What You Should Expect If You Are Named as Trustee (00:00:00)
2. Meet Fred (00:01:26)
3. Phase One: Getting the Estate In Order (00:05:12)
4. What are the challenges with inheritances? (00:12:26)
5. Phase Two: Strategies for Asset Distribution (00:14:45)
6. Phase Three: Implementing in light of Family Dynamics (00:30:45)
7. Do Trustees Get Paid? (00:35:46)
70 episodes