What Trustees Should Know About Life Settlements

Jun 1, 2021 9:10:00 AM / by LISA posted in Financial Advisors, Financial Planning, life settlement, Life Insurance Settlement, Life Insurance, Trustees, Long Term Care

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When an elderly parent’s health deteriorates, it can become necessary to appoint older children as trustees. A trustee takes legal ownership of the assets held by a trust and assumes fiduciary responsibility for managing those assets and carrying out the purposes of the trust. This includes managing financial assets such as life insurance policies.

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