Blog
The Trustee’s Fiduciary Responsibilities: Loyalty, Prudence, Impartiality, and Record-Keeping Standards
The Trustee’s Fiduciary Responsibilities: Loyalty, Prudence, Impartiality, and Record-Keeping Standards
A trustee’s fiduciary responsibilities are the legal duties to act for the benefit of the trust and its beneficiaries, not for the trustee’s own convenience or gain. In Virginia, that usually means loyalty, prudent administration, impartial treatment of beneficiaries, and careful record-keeping.
Irrevocable Trusts in Estate Planning: When Asset Protection or Tax Savings Outweigh Revocability
Irrevocable Trusts in Estate Planning: When Asset Protection or Tax Savings Outweigh Revocability
For many individuals and families, estate planning provides peace of mind and a clear pathway to safeguard their legacy. Trusts are commonly used tools in estate planning, each offering distinct benefits.
Pour-Over Wills: How They Integrate with Living Trusts and Prevent Partial Probate
Pour-Over Wills: How They Integrate with Living Trusts and Prevent Partial Probate
A pour-over will is a specific type of will designed to work seamlessly alongside a living trust. Essentially, it acts as a safety net for any assets that were not transferred into your trust during your lifetime.
