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{"id":16433,"date":"2017-03-03T16:56:23","date_gmt":"2017-03-03T16:56:23","guid":{"rendered":"http:\/\/www.seonewswire.net\/2017\/03\/10-reasons-to-select-a-corporate-trustee\/"},"modified":"2017-03-03T16:56:23","modified_gmt":"2017-03-03T16:56:23","slug":"10-reasons-to-select-a-corporate-trustee","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2017\/03\/10-reasons-to-select-a-corporate-trustee\/","title":{"rendered":"10 REASONS TO SELECT A CORPORATE TRUSTEE"},"content":{"rendered":"
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by Thomas D. Begley, Jr., CELA<\/strong><\/p>\n

Attorneys prepare many types of trusts. The trusts are for multiple purposes. They include special needs trusts, standard support trusts, discretionary support trusts, disclaimer trusts, bloodline trusts, incentive-based trusts, retirement plan trusts, and trusts for Medicaid planning purposes. Occasionally, it is appropriate to have a family member serve as trustee. However, in most cases it is better to retain the services of a professional trustee. Ten reasons to employ professional trustees include the following:<\/p>\n

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  1. Target on Individual Trustee\u2019s Back. <\/em>If something goes wrong, such as the trust (1) makes improper distributions, (2) pays unnecessary taxes, (3) causes the beneficiary to lose public benefits, (4) is not in compliance with the instructions given by the grantor, or (5) the investment performance in the trust is poor, the trustee can be held responsible.<\/li>\n
  2. Knowledge of the Law. <\/em>A trustee must have a knowledge of income, gift, estate and generation-skipping taxes, (more…)<\/span><\/a><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    by Thomas D. Begley, Jr., CELA Attorneys prepare many types of trusts. The trusts are for multiple purposes. They include special needs trusts, standard support trusts, discretionary support trusts, disclaimer trusts, bloodline trusts, incentive-based trusts, retirement plan trusts, and trusts…<\/span><\/p>\n

    Read more ›<\/a><\/div>\n

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