I am often asked, “Who should I put in charge of my affairs after I die?”

My response most often is “Who do you trust the most?”

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While a family member may be willing to serve as a fiduciary for free, a trust company or professional will generally charge about 2.5% upfront and then collect an annual fee of about 1% thereafter. So, in simple terms, that could be said to be the monetary value of family in estate planning and trust terms. Just a friendly little aside from your local estate planning attorney in Altus.