What Beneficiary& Trustees Needs to Know

What Beneficiary& Trustees Needs to Know. Family caregivers need to understand the legal requirements when they are also a beneficiary. Contrary to common belief, both trust administration and probate entail a comparable process when dealing with a loved one's passing. While trust administration is conducted privately, probate unfolds publicly in court, often incurring higher costs. Even though a trust offers privacy, the fundamental steps involved mirror those in probate. As a sole trustee and a beneficiary, navigating these intricacies can be overwhelming. My personal journey as a trustee alongside my sister navigating our parents' estate revealed a wealth of details that required our attention. As caregivers in this complex process, we realized the importance of understanding the legal intricacies involved in trust administration. On this episode, we delve into the crucial steps mandated by law when managing a trust, shedding light on the misconception that having a trust alleviates the legal responsibilities tied to a death. Join us as Kirsten from the Absolute Trust Counsel guides us through the essential aspects of trust administration. Gain valuable insights into the legal documents, estate planning, and the roles of beneficiaries and trustees. Learn from our life experiences as we demystify the complexities, empowering caregivers and trustees alike with the knowledge to navigate this critical phase with confidence. ++++++++++++++++++++++++++++++++++++++++ Related Episodes: How Food Affects Our Brain Health Brain Health & Dementia Prevention in Ten Easy Steps ++++++++++++++++++++++++++++++++++++++++ Sign Up for more Advice & Wisdom - email newsletter. ++++++++++++++++++++++++++++++++++++++++ Please Support Our Sponsors So We Can Continue To Bring The Show to You For Free ++++++++++++++++++++++++++++++++++++++++ Make Your Brain Span Match Your LifeSpan Relevate from NeuroReserve With Relevate nutritional supplement, you get science-backed nutrition to help protect your brain power today and for years to come. You deserve a brain span that lasts as long as your lifespan. ++++++++++++++++++++++++++++++++++++++++ Please help us keep our show going by supporting our sponsors. Thank you. Stop 100% of Unwanted Calls with imp. Did you know people with Alzheimer's can receive nearly 200 spam calls a week? You can put a stop to those now. ++++++++++++++++++++++++++++++++++++++++ Join Fading Memories On Social Media! If you've enjoyed this episode, please share this podcast with other caregivers! You'll find us on social media at the following links. Instagram Twitter LinkedIn  Facebook Contact Jen at hello@fadingmemoriespodcast.com or Visit us at www.FadingMemoriesPodcast.com