The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Trusts & IRAs||Date: 12/17/2012 10:01 AM|
|Author: Follydolly||Number: 18134 of 19513|
But I assume the trust names a successor trustee if you become unable to perform the trustee's duties. Since your assets are in the trust additional paperwork in the form of a power of attorney wouldn't be required.
Rule Your Retirement Home Fool
My eldest daughter is named as executor of the estate when I pass....I have to look up about a successor trustee. I know I was reluctant about giving anyone control over my finances;)
That's a reason these trusts should be revisited from time to time...stuff changes. I should sit down with my daughters and have a discussion about where all my info is. Although I will probably be leaving them a mess!
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|