Frequently Asked Questions Videos
Does a trustee have to provide an accounting?
Video Transcription:
A trustee generally must provide an annual accounting to the beneficiaries of the trust. However, if you are the grantor of a trust and you have created a revocable living trust for your self, you do not need to provide an accounting to the beneficiaries of that trust of your use of your money in trust.
Does a trustee get paid?
Video Transcription:
A trustee can be paid. Under all laws in the United States trustees are entitled to a reasonable fee. The reasonableness of the fee can be determined by many things. If you’re using a financial institution, the financial institution will give you a fee schedule showing you what their fees will be. If you’re using a family member, friend, or personal professional such as your lawyer, you can negotiate the fees for them or they can use case law to determine the reasonableness of their fees at the time they wish to be paid.
Do all attorneys practice elder law?
Video Transcription:
Not all attorneys practice elder law. Like physicians, attorneys also specialize, and attorneys that specialize in elder law know the government benefits as well as the court systems that are available to protect those with disabilities and those that are elderly, and ensure that they have quality of care as they live out their life.
Can someone challenge my will after I die?
Video Transcription:
A will can be challenged after the death of the testator for a variety of reasons. The most common are that the individual lacked capacity to execute the will or was subject to undue influence or duress. Undue influence means that someone else influenced how the will was distributing property, and duress means that someone was forced to sign the will, and they weren’t really willing to do so.