Smart Women Protect Their Assets: Essential Information for Every Woman About Wills, Trusts, and More

Chapter 4. Who Makes Sure Everything You Want to Have Happen Happens When You’re Gone?

Whether we admit it or not, death will happen. The only question is when. That’s why it’s important to decide today who will manage your affairs when you’ve passed on. While the choice may seem obvious, it’s worth some careful and thoughtful consideration.

Your fiduciary, whether it’s a bank, trust company, or individual Executor, Trustee, or Guardian, has a duty to exercise care and responsibility. In legal circles, we refer to this as a fiduciary duty to act with trust and good faith. To avoid additional costs to your estate, be sure that your Will contains a statement that no surety bond (a kind of insurance policy) will be required of any of your ...