Probably best to avoid this altogether - or seek legal advice with your estate planning attorney well before you take the plunge.

It’s critical to fully understand, whether you’ve asked someone to serve as your successor trustee, or you agreed to be someone else’s successor trustee, what you face in that role.

Remember: Estate planning is NOT a one time event!! You must maintain it!

As with many topics in the financial planning space - estate planning is often misunderstood and not managed well. Many attorneys are great about creating and getting paid for the initial legal work - but most are not willing to hold you accountable to fund, maintain and update the trust over time. Often the attorneys themselves have no business succession planning to make sure you’re taken care of if something happens to them. If those tasks are not done, or the attorney has no succession planning in place, the trust may not do what you wanted at the time it is most needed!

An attorney’s newsletter examines a few of the important lessons we can learn from the estate planning of some of our country’s most famous presidents.

The intersection of digital assets, identity theft, cyber security and estate planning