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


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.

Read More