Evaluating an Individual as Successor Trustee
Establishing a trust is a great way to manage and transfer your assets. It’s important that you name a trustee who is able and willing to execute your wishes now and in the future. If you are considering naming an individual as successor trustee, answer the following questions to determine whether the person you are considering is the right fit. Does this person understand all the responsibilities of a trustee and recognize that a trustee is held to a very high legal standard and could be personally held liable to the extent of his or her own assets?
Wealth | Investments | Planning Commerce Trust Company
Made with FlippingBook - Online magazine maker