Re-Evaluating your Successor Trustee

Odysseus, the legendary Greek King of Ithica and the hero of Homer’s epic poem the Odyssey, spent years away from his kingdom fighting in  the Trojan Wars. During that time, his wife had to remain faithful to him and she had to use her wits to resist many potential suitors.

Like Odysseus’ wife, your successor trustee will at your death, resignation or incapacity be given the challenge of being faithful to your estate plan and to the beneficiaries it is meant to protect. You should periodically review the people you have designated in your trust as successor trustees. You should then ask yourself whether the people currently named to act are still the best choices, or whether other people would be better suited for this role. If changes need to be made, you need to see to it that your trust is amended as soon as possible.


About randyspiro

I am a super lawyer in California with dual specialization in Estate Planning and Taxation.
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