When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s death. Because of the application years in advance, the choice of who will serve as trustee often vexes clients. They need to make this decision years in advance of the time that the individual will serve and as we know, circumstances change. This article examines the various considerations that should be made when naming a trustee. Read on to learn more.
- The Inflation Reduction Act - September 26, 2022
- What’s Estate Planning Got to do with Interest Rates – Part II - September 19, 2022
- What’s Estate Planning Got to do with Interest Rates – Part I - September 12, 2022