Successor Trustee of Middle Aged Man’s Trust

Mr. Brown named Ms. Thornton as Successor Trustee of his Trust one year before he became ill and passed away. As Successor Trustee, upon Mr. Brown’s passing, Ms. Thornton then served as Trustee of his Trust for seven years working closely with Mr. Brown’s son, the sole beneficiary of the Trust. Mr. Brown had a significant estate consisting of real property, life insurance, retirement plans, an investment portfolio, real estate investments and an interest in a family business.

Ms. Thornton collaborated for several months with the trust and estate lawyer to resolve all of the estate issues in accordance with the Trust document and the wishes of Mr. Brown. She also worked with the CPA to address all current and future tax ramifications. Ms. Thornton worked with the investment advisor and the beneficiary on a long-term investment plan. She then managed the estate on an ongoing basis working with the beneficiary, who was 28 years old, on his own personal financial and career goals and objectives. Over the seven year period, Mr. Brown’s son was married, had two children, and developed a successful residential real estate business. The Trust passed to Mr. Brown’s son at age 35 and he continues to build on the legacy left to him by his father.

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