The Trustee Primer: A Guide for Personal Trustees - Softcover

Angus Esq., Patricia M.

Softcover

ISBN 10: 0997068000 ISBN 13: 9780997068009

Publisher: Angus Advisory Group LLC, 2015

Synopsis

An essential guidebook for individuals who have been named as trustee of personal trusts for family members or friends. Written by an expert who has more than two decades experience working with families to create, administer, and benefit from trusts, this primer is a "go to" resource for anyone who has been named as a trustee. The text incorporates a worksheet throughout that can help a trustee organize information, thoughts and questions to best serve as trustee. Key concepts are distilled to their essential elements. The tone is encouraging and easy to read while maintaining a sense of the seriousness, and importance, of the trustee's role. Also helpful for anyone setting up a trust as part of an estate plan or who is already a trust beneficiary.

About this title

Review

"With her trademark wit and breezy style, Patricia Angus breaks down the complicated elements involved in being a trustee ... making this a must-read for anyone acting as trustee or considering becoming one." 
--Susan R. Lipp, Editor-in-Chief, Trusts & Estates

"A great starting point--or refresher--for understanding trusts ... I recommend this primer to anyone embarking on being a trustee." 
--Don Kozusko, Partner, Kozusko Harris Duncan, and Fellow, American College of Trusts and Estate Counsel

"At last! A warm and honest voice encouraging the reader in clear-speak (not jargon) exactly how to navigate the daunting world of trusts and money ..." --Charlotte Beyer, Founder, Institute for Private Investors, and author, Wealth Management Unwrapped

"A few people, who embody the virtues of fidelity, caring, and humility, will be asked to be trustees. Patricia Angus has written The Trustee Primer: A Guide for Personal Trustees to offer these people of special character a way of understanding what it means to be a trustee and what acting as trustee entails. She has made a complex legal relationship into a comprehensible set of human and legal relationships that will help every person who might act as a trustee, or who is already serving, become a great trustee.  It will also help such great trustees in turn help bring great beneficiaries to life."--James E. (Jay) Hughes, Jr., author, Family Wealth:  Keeping it in the Family, Family:  The Compact Among Generations, and co-author, Family Trusts

"Although Patricia Angus wrote The Trustee Primer primarily for potential and current trustees, it is practical and understandable for people in several stakeholder groups.  Parents and grandparents often create trusts primarily to preserve the family's financial capital without having a deep understanding of the long-term impact of those trusts on their families.  Family members and friends are often asked to serve as trustee without really knowing what that entails.  Generations of family members are beneficiaries of trusts without much understanding of how their trusts work.  Patrica's primer lays out a logical, step-by-step process for how to think about the opportunities and challenges associated with serving as a trustee.  She explains terminology clearly and puts complex law into the context of serving as a trustee.  The worksheet incorporated throughout the text is a useful tool to translate the content into the reader's immediate circumstance and decision-making process. I highly recommend this primer for clients and colleagues."--Bonnie Brown Hartley, President, Transition Dynamics Inc, co-author of Family Wealth Transition Planning and co-author of the international thriller Broken Trust

Edition details

• Publisher: Angus Advisory Group LLC
• Publication date: 2015
• ISBN 10: 0997068000
• ISBN 13: 9780997068009
• Binding: Paperback
• Language: English
• Number of pages: 72