Page 65 - Ultimate Guide to Estate Planning Third Edition_Neat

Chapter 12. Trustees.

How many can I have?

Another important aspect of your estate plan
design is the trustee selection. There's this
notion that you have to pick one person to be
the trustee of your trust and that the one
person selected should be one of your heirs or
family members. The law allows you to have
separate roles being filled by different people or
companies. You can even have three different
trustees performing distinct functions
associated with the operation of your revocable
living trust. The initial trustee for each of these
three operations of the trust is normally the
grantor/creator (you) of the trust. Upon
passing, or you experiencing a disability, other
persons become involved in the various trustee
roles.

Investment Trustee.
You may want to have the investment portion
of your trust managed by a financial
professional. Financial professionals are
ordinarily licensed, bonded, and insured to
handle the investment of your funds. You may

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