If you do not have a family member that you trust or that you believe would be able to handle the position of successor trustee, certain banks and trust companies have trust departments that can handle these responsibilities. This is a subject that you should discuss with your estate planning attorney. However, banks and trust companies are qualified to handle these types of matters and are familiar with the legal requirements of each state, including the fiduciary requirements.
Mary E. King, Law Office of Mary E. King, PL
This response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. To speak with Attorney Mary E. King, please call (941) 906-7585 or visit www.kinglawpl.com.
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