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One of the biggest decisions you will make when creating your Living Trust is choosing who will be your Trustee. The Trustee is the administrator of your Trust assets. The Trustee will collect and manage your assets, pay your debts, and distribute your assets to your beneficiaries after you pass away. The Trustee should be someone you can count on, someone reliable, and someone who can manage money and property. Some Trustees abuse their power to the detriment of the beneficiaries or breach their fiduciary [...]

Unlike financial assets, which can generally be divided easily among your children or grand-children, tangible personal property, like a wedding ring, is unique. Families fight over everything from ownership of a valuable painting, to a grandfather clock, to Dad’s gun collection, to who gets Grandma’s wedding ring. Sometimes the object in question is an item of substantial monetary value, but more often the appeal is sentimental. Families get emotional about items of personal property, like a wedding ring, that represent the person who has passed.