Have your parents named you Trustee of their Trust?

Perhaps it is an Irrevocable Life insurance trust or a Medicaid asset protection trust.

Has anyone told you that you are personally liable to the beneficiaries of the trust – yes – your brothers and sisters.

You should be investing the assets in a prudent manner. You may have to file tax returns. You should be making distributions according to the trust.

You may need to account to the beneficiaries for your actions.

My Planning Tip of the Day is:
If no one has taken the time to inform you of your duties.
Then it is time to get help before it is too late.