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Gaudy Law

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What if I don’t have a good choice for a trustee?

Many times this will occur because the person is an only child and does not have children of their own or a spouse has passed away. We are happy to help in these situations by figuring out who else they may know. Sometimes we will go broader and look into a CPA or someone from our office to act as trustee. We try to avoid that because it is better to have somebody in the family do it.

Don’t let a lack of obvious trustee be a barrier to getting something written down. Otherwise, it’s going to end up going through probate and costing a lot of money when you could have a good choice. Even if that choice isn’t perfect.

  • Does transferring a property into a living trust protect me from creditors or lawsuits?

    Unfortunately, transferring a property to a living trust does not protect you. One of the advantages of a living trust is that you can change it. The reason you can […]

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  • Can I do my estate planning through LegalZoom?

    What is the difference between me handling things myself using LegalZoom vs. coming here and working with you? As a person who is a do-it-yourselfer, I understand the urgent desire […]

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  • Should I discuss with my children how they fit into my trust?

    Should I have conversations with the people that I am planning to put into my trust? It usually comes down to children and many people completing this process are doing […]

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