(The Nuts and Bolts of Administering a Trust for the First-Time Trustee)
SUBJECT AND STYLE
If you were named as successor trustee of a trust, and were expected to act as trustee tomorrow, would you know what to do? If you're like most people, you would be overwhelmed with just trying to figure out what you are supposed to do and have no idea how to do it. You would therefore immediately retain an attorney (at a substantial cost to the trust) to assist you in the routine tasks of administration. However, a trustee that is provided with the proper tools doesn't need an attorney for those routine "nuts and bolts" tasks. They simply need this step by step guide which is written in layman's terms for the trustee who is administering their first trust. The tasks of administration are presented in a logical progression and in such a way that the process of administrating a trust will no longer intimidate the average trustee. It shows the reader exactly how to administer a trust and provides samples of the forms needed to do it.