Individual legally obligated to act in anotherÂ’s best interest.
Required financial report detailing trust transactions.
Insurance guaranteeing a trusteeÂ’s faithful performance.
Violation of trusteeÂ’s legal duties.
Legal action removing a trustee for misconduct.
Funded with the beneficiaryÂ’s own assets.
Trust designated for prepaying funeral and burial expenses.
Trust used to transfer appreciating assets while minimizing gift taxes.
Trust where grantor receives a variable annual payment.
Trust supporting minors until they reach legal age.
