Can Estate Planners and Trust Administrators Offer Help to Trust Beneficiaries Who Want to Learn to Make Positive Life Planning Decisions?
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This article discusses the desire to protect trusts and how the desires of the Trustee can be ensured through the proper questions from the estate planner or trust administrator. The comment suggests methods that will help practitioners create governing instruments that will facilitate flexible trust administration. Corporate fiduciaries can also organize help trust beneficiaries make better choices. The article suggests that a life planning officer is helpful to different types of beneficiaries. Estate planners and trust administrators can better serve the public’s need for effective wealth transmission and lower the levels of controversy surrounding trust administration by expanding their role as counselor to their clients.