First Successor Trustee vs Second Successor Trustee Roles
Deciding between your first successor trustee vs second successor trustee is one of those big decisions that keeps your estate plan from falling apart when you're no longer around to run the show. Most people spend a lot of time thinking about who gets their house or their vintage car, but they forget that the person actually handing out those assets is just as important as the assets themselves. If you've set up a living trust, you're likely the "initial trustee" right now, meaning you're in total control. But life happens, and you need a solid backup—and a backup for your backup. ...