When you begin the estate planning process, you face the difficult decision of naming a trustee after your death. While estate planning documents are effective once signed, some of them contain provisions regarding what will happen upon the trustor’s death. Choices regarding who to name in these documents often vex clients given their long-term implications. Who can we trust for years– even decades? Clients must make this decision years in advance of the time that the individual will serve and as we know, both people and circumstances change. This article examines the various considerations that should be made when naming a trustee. Read on to learn more.
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