My sister just died and left me as the trustee for my 12-year-old nephew’s $100,000 inheritance. It’s a lot of responsibility — what do I do first?

My sister just died and left me as the trustee for my 12-year-old nephew’s $100,000 inheritance. It’s a lot of responsibility — what do I do first?
AOL

Do I Need an EIN For a Trust After Death?

The death of a family member is always challenging and evokes difficult emotions for everyone involved. Unfortunately, tax problems brought on by a trust can sometimes be one of the stressors. Because ...
Forbes

The FDIC Changes The Rules On Insured Accounts Owned By Trusts

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change ...

My sister died, leaving me as trustee for my 12-year-old nephew’s $100,000 inheritance — what do I need to do?

Her sister passed away and left $100,000 in a trust for her 12-year-old nephew, and she has been named as the trustee. The ...