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Becoming a Trustee

Relatives have asked you to become a Trustee for their Living Trust. Perhaps flattered by their belief in your honesty, or because of ignorance, you accept. Even if there are few assets and the transition after the Grantor of the Trust dies, the Successor Trustee has much to learn. This is explained through the Estate of Bowles, discussed later in this article.

If there is not much in the estate you are asked to administer, it might be easy to pay out the funds and be done quickly with the responsibilities. Not all issues of inheritance are difficult,

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