Relatives have asked you become a Trustee due to their Living Know. Perhaps flattered by their belief inside your honesty, or because of ignorance, you accept. Regardless of whether there are few assets and the transition once your Grantor within the Trust dies, the Successor Trustee has much to learn. This is explained through the Estate of Bowles, discussed later outlined in this article.

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In 1988, the Estate of Bowles was worth over 17 million dollars when Thomas C. Bowles passed. The assets had dwindled to 2 free money management app .7 million when his wife, Mary J. Bowles, died in 2006. She had been named the Successor Trustee, and its the one responsible for squandering the assets between 1988 and 2008.

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