149: Choosing a Child as Your Successor Trustee: Key Factors to Consider

Absolute Trust Talk

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1y ago 8:14

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Are you considering naming a child as your successor trustee? In this episode of Absolute Trust Talk, host Kirsten Howe and associate attorney Jessica Colbert explore the pros and cons of selecting a child for this crucial role. They break down key factors, including whether to name one child or multiple children as co-trustees, and the potential challenges that can arise, from sibling dynamics to administrative complexities. Tune in to gain valuable insights and ensure you make an informed decision about your trust's future.

Time-stamped Show Notes:

0:00 Introduction

1:45 What's better—naming one or multiple children as your successor trustee? We discuss the pros and cons, starting with the advantages of naming just one child.

3:40 There are potential downsides to naming a child as your successor trustee.

5:42 After discussing the issues with naming just one child as trustee, here's what to consider when naming multiple children as co-trustees.

6:55 Can siblings truly collaborate effectively as co-trustees? Hear our thoughts in this segment.

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