Estate & Trust Administration For Dummies
Chapter One
Functioning in a Fiduciary World
In This Chapter
* Becoming comfortable with the terminology surrounding estates and trusts
* Encapsulating estates
* Taking care of trusts
* Preparing and filing tax returns for trusts, estates, and decedents
You may have known for a while that someone close to you has named you
as the executor of his or her will, as the trustee of a trust he or she's created,
or even as both. That knowledge may make you feel extremely honored
while that person's alive and kicking and still able to look after his or her assets.
Those warm and fuzzy feelings may come crashing to a halt, though, the day
you hear your friend has passed away, and you're now in charge of the show.
All eyes will be on you as you pick up the reins and try to keep this buggy
called an estate or trust moving along at a steady clip, while keeping all the
promises written down during your friend's lifetime. The responsibility is
huge, but so is your ... read full excerpt from: Estate & Trust Administration For Dummies ebook
