Do Both Co-Trustees Have to Sign All Trust Checks?
Question: My mother appointed me (her daughter) as co-trustee to serve with her. Under “Additional General Provisions regarding Fiduciaries”, it states “Except to the extent, if [...]
Should I Name My Friends as Successor Trustees or Co-Trustees?
Question: If I do a trust, does anything in my life have to change? What if I appoint two friends to be in charge of the trust? Also, can I make sure they get compensated from the trust? [...]
Should QTIP Trust have Independent Trustee?
Question: If we have QTIP trusts in our joint revocable trust to protect a surviving spouse from a second marriage gold digger or second marriage divorce, can the surviving spouse serve as the [...]
How Can Stepdaughter be Reassured in Estate Plan for Blended Family?
Question: My husband of over 40 years recently was diagnosed with Parkinson’s and dementia and is no longer able to act as a co-trustee with me on our trust. His daughter, who is my [...]
Who is the Successor Trustee?
Question: The following statement regarding the appointment of successor trustees from a trust has led to some confusion: The initial Trustee is John W., then Edna L., then Susan K. shall serve [...]
