Q: Do you know where the trust document is? A: Yes
Q: As your parents are getting up in years, what are your main concerns? A: Will I have enough money to take care of them or do they have enough money? What will be my costs for supporting them if I need to? Are their assets protected fromt he state or goverment, or prtoected from family members who they don’t want to have it?
Q: Do you have a copy? A: Yes
Q: What have they told you about it? A: Not much, I am the Executor and in charge of everything.
Q: Do you know what it means to be an Executor? A: Yes, to read out the document and make sure my parents’ wishes are carried out.
Q: Do you know Executor’s have specific fiduciary responsibilities? A: No
Q: Would it be helpful for you to have information that explains these responsibilities? A: Yes, as long as it was not too long ot in terms which are hard to understand. I would like to know what’s expected of me.
Q: Do you have siblings? A: Yes
Q: Do you anticipate conflict with your siblings? A: For the most part, no. I anticipate we could have frustrations over how to handle things, but nothing major. My parents trusted that I could handle it best out of all kids. My plan is to disperse everything evenly, without conflict…if possible.
Q: Do you feel added presure or burden for being the Executoe, especially because your siblings are not? A: Yes
Q: Do you know what Settlement means? A: Sort of. I have a basic understanding.
Q: Where would you turn for settlement help? A: An attorney
Q: Did you know a CPA could be needed for settlement? A: No
Q: Do you know all of your parents assets or have you seen a list of all their accounts? A: No but I have a decent idea.
Q: Do you know the name of your parents’ financial advisor? A: Fidelity
Q: Anyone at Fidelity specifically? A: No
Q: Do you know the firm or name of the attorney who drafted their trust? A: No
Q: If you have any questions about the trust document, where would you turn? A: An attorney