Barrett Legacy Estate Solutions

Who Can Be a Successor Trustee?

If you have a revocable living trust, you probably named yourself as the initial trustee so you can continue to manage your financial affairs. Eventually someone else will need to step in when you are no longer able to act due to incapacity or after your death.

Your successor trustee plays an important role in the effective implementation of your estate plan. Some of their responsibilities will include making financial decisions, selling or refinancing property, paying bills, filing taxes, and distributing your accounts according to the instructions in your trust.

Who Can Be a Successor Trustee?

A successor trustee can be an adult child, family member, trusted friend, or professional or corporate trustee. If you choose an individual, you should name multiple back-ups in case your first choice is unable or unwilling to act.

What You Need to Know

Rest assured, we can help you select, educate, and advise your successor trustees. You are not alone.