Ask Terry Questions Revocable Living Trust

Revocable Living Trust

By Terry Savage on October 16, 2022 | Financial Planning / Retirement

Does the VA have a successor trustee for my revocable living trust ? I don’t know who I should use as a trustee.????

Terry Says

This is a very difficult issue for seniors who are older and alone — or for that matter, those who are alone at any age. You MUST name an individual as successor trustee– and it must be someone you trust completely! Will the attorney who draws up your trust act as trustee? Perhaps your bank has a trust department that will act as trustee.
Read this article for some ideas: https://www.kiplinger.com/article/retirement/t021-c032-s014-how-to-choose-the-right-trustee-for-your-estate.html

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