026: What if Tutu needs a Trustee?

Taking Care of Tutu - Navigating Estate Planning and Probate with Aloha

Not everyone is blessed with capable, responsible children willing to serve as Trustee :)

What can tutu do if she loves those grandbabies but doesn't really trust any of them to serve in this very important role? This week's podcast features the expert guidance of Malia Alexander from Maximum Legal Services Corporation, a company that serves as a professional Trustee, Personal Representative, Power of Attorney, and Health Care Agent. Malia shares about MaxCorp and its evolution from the Legal Aid Society of Hawaii to its current status as a standalone nonprofit dedicated to offering professional fiduciary services.

Join us as we learn about the unique approach MaxCorp takes in integrating licensed attorneys and social workers to provide comprehensive support to their clients. MaxCorp will serve as Trustee of special needs trusts, a more complicated task because beneficiaries often receive government benefits such as Medicaid or are living with disabilities. Malia offers insights into the intricacies of managing Medicaid applications and asset spend-downs, providing you with practical advice on navigating these often-complicated processes. Through MaxCorp's story, you'll gain a deeper understanding of how their dedicated team ensures compliance with trust terms and safeguards beneficiaries' interests.

In this episode, you will hear:

• How does MaxCorp integrate legal and social services in its trustee offerings?
• What role do corporate trustees play in managing special needs trusts?
• How can early estate planning prevent complications and ensure smoother administration?
• What are the benefits of having a neutral third-party trustee to manage potential conflicts?
• How does MaxCorp handle Medicaid applications and asset spend-downs for beneficiaries?
• Why is it important for families to engage with potential trustees like MaxCorp before a crisis occurs?

Resources from this Episode

Visit website: maxlegalservices.org

Phone: [phone]

Follow and Review:

We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.