Fee-only advisors for newly-named successor trustees and trust administrators.
Being named successor trustee is a significant fiduciary responsibility that most people are unprepared for. Duties include prudent investment (Uniform Prudent Investor Act), impartial distribution to beneficiaries, tax filings (Form 1041), accounting to beneficiaries, and strategic decisions around distribution timing vs trust accumulation. Truste
Situations we handle
- I just became trustee of my parent's trust — what do I do first?
- Trust investment policy — what should the portfolio look like?
- Distribution to siblings — how do I handle disputes?
- Trust income tax — who files the 1041 and what goes on it?
- Should I hire a corporate co-trustee to share liability?
- Grandchild trust — HEMS standard distributions, how do I apply?
Why a specialist. Trustee fiduciary duties are complex and personal-liability-exposing. Most named successor trustees have never served before and underestimate the responsibility. A specialist fee-only advisor provides investment competence without product sales (avoiding one source of fiduciary complaint), documents prudent process, and coordinates with the attorney/CPA to execute the trustee role competently.
Tools & guides
Successor Trustee First 90 Days Checklist
Enter trust details to generate a prioritized checklist of fiduciary duties for the first 90 days.
Successor Trustee Complete Guide
Detailed framework — rules, tradeoffs, and common mistakes.
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