Andy was 16 when her father died leaving her an orphan with $250,000 in a trust. Her aunt agreed to be her trustee. Five years later her aunt asked me to step in. She was worn out from struggling with her niece over financial issues. I became trustee 8 years ago when Andy was 21. … Continue reading “Independent Trustees Help All Parties”
I was shocked one day to realize this was the instruction I was giving John’s caregivers. They had just reported that wherever he went John was taking things. His stash included nail clippers, books, silverware and other small items. This was the dementia acting and I didn’t want to punish John by confining him to … Continue reading “Preserving Dignity”
I recently became trustee of a trust that provides income only to the current beneficiary and income and/or principal to the residuary beneficiaries. In looking for an investment strategy that would work for all beneficiaries, the question of what counts as income arose. After consulting several attorneys and tax accountants the answers I got regarding … Continue reading “Income Only Trusts”
I learn the most from the people I work with and the stories I hear. One man was caring for a mother with dementia. She was in the habit of drinking a lot of red wine which made the effects of dementia worse and left her feeling unwell most of the time. Rather than taking … Continue reading “Dealing with Dementia”
I was shocked one day to realize this was the instruction I was giving John’s caregivers. They had just reported that wherever he went John was taking things. His stash included nail clippers, books, silverware and other small items. This was the dementia acting and I didn’t want to punish John by confining him to … Continue reading “Preserving Dignity”
I learn the most from the people I work with and the stories I hear. One man was caring for a mother with dementia. She was in the habit of drinking a lot of red wine which made the effects of dementia worse and left her feeling unwell most of the time. Rather than taking … Continue reading “Dealing with Dementia”
Andy was 16 when her father died leaving her an orphan with $250,000 in a trust. Her aunt agreed to be her trustee. Five years later her aunt asked me to step in. She was worn out from struggling with her niece over financial issues. I became trustee 8 years ago when Andy was 21. … Continue reading “Independent Trustees Help All Parties”
I recently became trustee of a trust that provides income only to the current beneficiary and income and/or principal to the residuary beneficiaries. In looking for an investment strategy that would work for all beneficiaries, the question of what counts as income arose. After consulting several attorneys and tax accountants the answers I got regarding … Continue reading “Income Only Trusts”