The Role of a Successor Trustee

Tag Archives: trustee

The Role of a Successor Trustee

As part of establishing a revocable living trust, you should name a successor trustee. This is the person who will come in to manage and administer your trust for you upon your passing, or upon your incapacitation or unavailability to handle your affairs. Your trustee should be someone you can trust to manage your affairs, […]

The Pros and Cons of Using the Same Personas Trustee and Personal Representative

If you’re including a trust in your estate plan, you may make your trustee the same person you’ve selected to be your estate’s personal representative, if you choose. In fact, it is quite common for people to do so. But just because it’s easy and common does not always mean it’s the right choice. Here […]