From KKD; Very important information on Trusts and Estates, what terms mean and how they must be handled

MaryGSykes.com

One of the problems I note from the correspondence that goes back and forth between the various allied groups that are attempting to fight the human trafficking in the elderly (the felonies of ELDER CLEANSING) is the failure to understand some basic guidelines.

The following may be helpful, to wit:

Guidelines for Individual Executors & Trustees

Introduction

After an individual’s death, his or her assets will be gathered, business affairs settled, debts paid, necessary tax returns filed, and assets distributed as the deceased individual (generally referred to as the “decedent”) directed. These activities generally will be conducted on behalf of the decedent by a person acting in a fiduciary capacity, either as executor (in some states called a personal representative) or as trustee, depending upon how the decedent held his or her property.

As a first step, it is helpful to know the meaning of a few common terms:

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