Deanny has a long history of obtaining the best results for her clients, whether it's in business transactions or in estate planning. I have referred several clients to her and they have all had successful and satisfactory results.
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Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
Jurisdictions Admitted to Practice
ID Number: 201837
Univ of California at Los Angeles
Southwestern Univ School of Law
Southwestern University School of Law
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A: Yes, you can make that change. Please take a look at the language in your trust agreement, there are usually provisions that speak to how a current acting trustee can resign and what they need to do to appoint a new successor trustee. If the trust agreement is silent, a sound course of action would be as you suggested, to have both parties (current and to-be-appointed trustee) sign an agreement.to that effect.
A: I generally recommend the account be in the trust name. Listing the acount number, name of the institution, be as specific as possible, and include that on an asset spreadsheet or on a schedule so that your family members can more easily locate the account if something happens to you.