Hey Community! Let’s test your fiduciary muscles today with a real-world scenario that happens all too often. Imagine a grandfather sets up a Special Needs Trust (SNT) to provide for his disabled granddaughter, who currently resides in an assisted living facility. He appoints his adult son as the sole Trustee. Within the first year of administration, the Trustee uses $40,000 of trust principal to purchase a brand-new, heavy-duty pickup truck. When questioned by family members, the Trustee defends the purchase, arguing: 1. He uses the truck to drive the beneficiary to her occasional specialist appointments. 2. He uses it to haul landscaping materials to maintain her property. Therefore, he claims it is a legitimate administrative expense. 🧠 The Fiduciary Challenge for You: If you were advising this trustee (or reviewing his accountings), how would you evaluate this? 1. Which specific Fiduciary Duty is at risk of being breached here? (Think about the Duty of Loyalty vs. the Prudent Investor Rule). 2. Is a vehicle purchase ever allowed under a trust, and if so, where did this trustee go completely off the rails? Drop your answers and thoughts in the comments below! Let’s see who hits the core legal distinction first. 👇

Hello All! I have uploaded a few new courses - please take some time to check them out on the Classroom page! We have organically grown to a fairly large size - so please, how can I help you? Put your questions and comments below 👇

Here is a realistic look at timeframes and processes for the filing of an estate in the State of New York!

How to start working through an accounting of assets and expenses for a trust and/or an estate.

Here's a quick rundown on how we locate property so we know what proceeding we need to file!