Monterey Trust Management
thing to remember is to keep copies of the trust document – if mom and
dad did not give you a copy, ask the trustee for one. In most cases, you
are allowed, by law, to have a copy and, with a copy in hand, you can
better understand the terms. Also, if it ever comes to having to shop
for a new trustee due to unsatisfactory service, you will be in a much
better position because the trust will set forth how you can replace a
trustee with a new one.
Yes, money managers and brokers can be important but remember to ask the
right questions: If a mutual fund is recommended, will a less expensive
index fund fill the bill? Find out how your manager is compensated – is
it strictly the fee you pay or will they receive payment from the
company for placing you in the company’s funds?
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