Trustee
As professional trustee, we take on the vital role of executing the directives outlined in your trust document. Typically, the trustee is an individual designated by the trust's creator in the trust document.
However, in cases where the trustee is unable to fulfill their duties due to incapacity or demise, and there's no named successor trustee, the court assumes the responsibility of appointing a trustee, often at the recommendation of the trust beneficiary(ies).
Our obligations as named trustee will encompass various tasks, such as allocating appropriate assets to the trust, safeguarding those assets, adhering to the Prudent Investor Rule when investing trust assets, providing reports to beneficiaries, filing income and estate tax returns for the trust, and disbursing funds in accordance with the terms outlined in the trust document.
If your estate is set up through a trust, we can help coordinate the settlement after death. We keep detailed records to effectively manage the estate and work with attorneys and accountants to ensure that assets are distributed according to your wishes.
This type of settlement is appropriate for those who have set up their estate through trusts, those who cannot or do not want to manage their financial affairs, or those who wish to have assets remain in trust for their family after passing. Trustee services provide peace of mind and ensure your estate is handled with care and integrity.
Scott Mortenson J.D.