The Trustees Book

$56 TRILLION INHERITED BY 2030...MOST OF IT IN TRUST...ARE YOU READY? "Perfection is not required, but incompetence shall not be tolerated."- Chapter 1 "The beneficiaries view trusts as handcuffs on their money. The trustee is the warden of the prison or jail cell whose permission must be sought for just about every dollar."-Chapter 1 "Ozzie and Harriet and Ward and June Cleaver and their wonderful children don't seem to exist anymore. If they do, they all have lawyers."-Chapter 2 "A word of caution to trustees: don't believe a self-imposed myth that your family members won't sue you, or seek your removal as trustee. They do it every day and hire lawyers like me to get it done."-Chapter 3 "I doubt the grantor of the trust intended to make some attorney a trust beneficiary." -Chapter 10 "Being a trustee is like being a parent - don't steal from your children, have their best interests at heart, and don't pick favorites, or else they will act out, cost you your time, and harm you financially."-Chapter 10