The basic qualities of a good successor trustee are integrity, good judgment and objectivity
When you create a Revocable Living Trust, you should choose someone trustworthy to assume the role of a “successor trustee,” the person who manages your trust and its assets after you pass away or become incapacitated. Making this decision is not as simple as picking a favorite aunt or an eldest child, and this article is offered as general guidance in choosing the right person.
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Family Law Updates, Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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