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Randall Peck

Location: Boca Raton, FL US
Website: http://t.co/ChSkg7HdHB


Helping ILIT Trustees & Administrators live & work greater satisfaction & less stress & distraction: Law Firms, Financial Planning & Financial Advisors, Banks & Trusts, Planned Giving Advisors, Family Offices,etc.! Providing globally effective ILIT Administration support that helps bolster compliance in lawful operations, truly streamlining the process! While many ILIT Trustees and Administrators are personally capable, too frequently they're ill-equipped to handle the variety, complexity,& sheer volume of tasks they must complete to perfection to comply with US Authority: the Uniform Prudent Investors Act, The Uniform Principal and Interest Act (the other UPIA) ,state measures, HIPAA, Uniform Trust Code (UTC), OCC, & more. ILIT Trustees have demanding jobs. The trusts can be very complex, can last a very long time. No one can predict how a grieving beneficiary will respond when death benefits are paid out.One thing is predictable: it takes only one dissatisfied beneficiary to make life very uncomfortable & stressful for a trustee, & it can happen even when everything has been technically handled to perfection. What can go wrong? Too many things: Insurance carriers financial conditions change, new policies may offer better value than older series, grantors don't pay/can't pay premiums, people move, don't update contact information,laws change, excess gifts, beer money requests etc. Like other personal trust trustees in the US, ILIT Trustees are held personally liable when a beneficiary's claim is allowed and wins in court or mediation. This often surprises trustees, especially those who are not certified professionals. Our system helps reduce tiresome tasks and tedium that can cause distraction, resulting in compliance oopsies that may cost and embarass ILIT Trustees! We suggest that ILIT Trustees make crummeyservice.com a key part of their own Estate Plans! None of this is legal advice.It may help frame what you'd need to ask your an attorney.