Whether you advise trustees or serve as a trustee yourself, this comprehensive guide gets you on the right track. It shows how to start the administration, prepare reports, invest assets, make distributions, administer retirement assets, and wind up the trust. Sample letters, petitions, assignments, fee agreements, and checklists make this book truly "how-to."
With this book, you will be able to:
- Prepare a report so that it cuts off trustee liability
- Effectively remedy a broken trust without going to court
- Handle real estate held in trust, including environmental issues
- Understand investments from the fiduciary perspective
- Learn the ins and outs of decanting for administrative, tax, or other reasons
- Know when it's time to go to court for direction
PRINT BOOK
414 pages, 1-volume, 7x10 paperback. Includes a download of drafted forms. Current to 02/01/22. Next update February 2024. Subscription service available.
ONLINE BOOK
Fully searchable and continually updated. Citations link to Michigan caselaw, statutes, and court rules. Includes online index, downloadable forms, and summary of changes. Price is for a one-year subscription.