AboutRichard Fritzler Expertise Comparing the advantages and requirements of traditional estate practices, and unconventional methods? Are Trusts a viable asset protection vehicle? Is there an alternative to buying life insurance to reduce the impact of the estate tax. Is the elimination of the estate tax during the next decade good for everyone? I can review the benefits and misinformation that exists.
Experience I have been in the business of assisting business owners in reducing their taxes and liability for over 17 years. We specialize in developing plans that eliminate the estate tax, not find a way to prepay it. Most small businesses do not survive the death of the principal. We want small businesses to not only survive, but flourish.
Organizations National Small Business Owners Association.
Nevada Association of Listed Resident Agents.
Citizens Legal Association
Publications Contributing author to "The Corporate Standard Newsletter".
Expert: Richard Fritzler Date: 6/18/2008 Subject: trust question
Question My mother passed away recently leaving 6 siblings as heirs. 2 of those siblings are trustees. If there are issues that come up that are not specifically addressed in the trust can the trustees make a decision against the 4 other siblings or can there be a "majority" vote of all the siblings?
Answer The decisions for the trust are not a popular vote, the trustees are the group that is obligated to make such decisions, they have a fiduciary liability if they do not make decisions that are in the best interest of the beneficiaries (you).
It is possible that you could have the trustee removed, if you can prove in court that they have made bad decisions. But this is long, costly and painful. The trustees would be able to spend the money in the trust to defend themselves.
Richard Fritzler http://www.owelesstax.com
http://www.nevadacorporateservices.com
phone 800 590-6612
