who is the trustee?Teri ... set up so on the demise of either myself or DH, the other becomes the trustee. If both, then another trustee has been selected, followed by the bank becoming the trustee. Regardless, the surviving spouse has access to the INCOME of the trust. It is the principal that is allocated to the irrevocable trust and remains held in trust for the kids. The trustee then makes the investment decisions as well as dispersing the trust funds to support the children's needs.At least that is my understanding.....
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