An Inside Look at a Trustee’s Key Responsibilities
One of the most important facets in creating a trust is choosing a trustee. Understand the role, responsibilities, and pitfalls before deciding.
Simplifying Philanthropy for Wealth Management Clients
For 25 years, the AMG Charitable Gift Foundation has helped wealth management clients simplify and integrate their philanthropy.
Elder Trusts Can Give You & Your Heirs Peace of Mind
QUESTION: I’m getting up there in years, and I’m worried that I might make a bad financial decision in the future and squander my children’s inheritance, or impair my ability to take care of my own needs. Should I establish an elder trust that safeguards my assets while giving me a fixed monthly allowance? ANSWER:…
Pick a Trustee You Can Trust
QUESTION: I want to set up an irrevocable trust to take care of my needs as I age, and I need to pick a trustee. What should I consider? ANSWER: A trustee has many responsibilities, one of which is making distributions from the trust to you, the beneficiary. Many people want their children or a…
Supreme Count Ruling Positive for Trust Beneficiaries in NC
The taxpayers won this one—at least in North Carolina. That was the result of a rare unanimous U.S. Supreme Court decision on June 21, 2019, that rejected North Carolina’s claim that it can tax the undistributed income from a non-grantor trust based in another state if the beneficiary is a North Carolina resident. A New…