This week’s LivHOME guest blog comes from Dan Felix, who helps families work through their trust issues. Here is Dan on some helpful tips on finding the right trustee for you and your loved one.
At the critical time that the new trustee has to step in for the family, crisis can occur. All too often families suffer the painful experience of their trust not working. Tensions and contentions, fights – maybe strained family holiday dinners…cancelled altogether! Court?!
And on the other hand, the right trustee can aid the family with the smoothest of transitions. In fact, the right trustee can help a family to stand on the shoulders of their relative, and to lead a more empowered and fulfilled life – often carrying forward that relative’s legacy into the next generations.
Here are the primary trustee troubles that can destroy a family:
The Professional Alternative
Help is available for the troubled trust. A professional trustee can help – especially one who is independent and offers a customized approach.
Experienced, available and with a practiced understanding of family dynamics, the professional stands on a solid foundation to better help the family heal and move forward.
Specifically, the professional trustee can ease the burden on the troubled trust by providing advice or back-office support – and, where appropriate and permitted, by serving as co-trustee or even as replacement trustee.
Dan Felix helps families make a smooth transition from the Troubled Trustee. It starts with a confidential and complementary initial consultation