ESTATE PLANNING INSIGHTS By Ethan R. Okura

The following is an all too familiar scenario at our law firm: A parent, a sibling or a dear friend has finally gotten around to doing their initial estate planning. You are so happy for them. And then you find out that you have been named their “successor trustee.” What does that even mean? What are your responsibilities? How will you know what to do when the time comes — and when exactly does that time come? What exactly is a trust in the first place?

Relax. There’s an orderly process that you can follow in order to understand your responsibilities as a successor trustee and what to do to make your loved one’s transitions in and through life proceed smoothly.

See more articles by Ethan by visiting https://okuralaw.com/blog/

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