Should My Children Be Co-Trustees?
Choosing a successor trustee is one of the most important decisions you make when creating a living trust. A question we often hear is whether multiple children should serve together as co-trustees. The answer depends on your family. Some parents appreciate naming all of their children equally because it reflects fairness and allows everyone to participate in important decisions. For families with strong communication and mutual trust, this arrangement may work well. In other situations, appointing one trustee may make administration simpler. Every decision, document, [...]