Description

As a beneficiary or trustee, you have some roles, responsibilities and rights to keep in mind.

Ideally, the process runs smoothly, the trust is funded properly, there's no fighting, and no one ends up in probate court. But that's not always the case. There are some key red flags to look out for when a trust is being administered – and if you don't know them you risk losing what's rightfully yours.   

In this episode of The Chris Berry Show, Robert and I will talk about the role of the trustee and beneficiaries, and we'll also discuss how to avoid probate court, when to hire an attorney, and why consulting a professional is always a good idea.

In this episode, you'll learn...

• Chris' positive focuses for the week.
• About a new bill that extends some protection for the healthy spouse.
• What probate is and how to avoid it.  
• What a smooth estate administration looks like.
• The four ways assets get out of your name when you die.
• The role of the trustee.
• The role and rights of primary and contingent beneficiaries.
• Beneficiary red flags and when to hire an attorney.
• What happens to assets when a trust isn't funded properly.
• Examples of why families fight in probate court and how they reach consensus.
• Who is entitled to a copy of the trust.
• Why a trust administer should have an attorney.
• The value of a consultation.
• What goes on when a trust is inventoried and how to find the assets.
• How to ensure things run smoothly as a trustee or beneficiary.
• How to reach Robert (248-559-8130). 

Links & Resources

CJBerryGroup.com

TheChrisBerryShow.com

Michiganestateplanning.com

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