Ep. 39. Spotting Trust Mistakes: Identifying Two Key Errors That Convert Clients

The Elder Law Coach

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Do you have trouble getting people to hire you to amend their trust done by another attorney? Are you creating trusts with terms that are not in your client's best interest? Unlock the secrets to effective trust management and protect your clients' interests with insights from Todd Whatley, a veteran in elder law. Discover why Todd advocates for creating new trusts over amending old ones and learn how this approach can safeguard assets from bankruptcy, divorce, lawsuits, substance abuse, and in-laws. Gain practical tips on the benefits of testamentary trusts and the strategic appointment of trustees with limited powers. Our conversation will equip you with the tools to enhance your trust management practices and attract new clients by offering superior protection for their assets.
Navigate the complex terrain of transitioning power from an initial trustee to a successor trustee, especially in sensitive cases involving incapacitation due to dementia. Traditional methods often lead to family conflicts and legal battles, but Todd introduces an innovative procedure to ensure smoother transitions. This episode provides a step-by-step guide on incorporating provisions within trusts to allow for medical evaluations prompted by the successor trustee, preventing unnecessary complications and safeguarding the interests of all parties involved. Don’t miss this opportunity to refine your approach to trust management and offer exceptional service to your clients.

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1. Ep. 39. Spotting Trust Mistakes: Identifying Two Key Errors That Convert Clients (00:00:00)

2. Elder Law Trust Issues and Solutions (00:00:19)

3. Successor Trustee Transition Procedures (00:06:19)