My Mom and Dad had an irrevocable trust. My brother was the administrator. Couldn’t have picked a better one, as he’s a corporate banker and very “black and white” when it comes to marching orders. When my Mom passed the trust was terminated and the assets distributed to us kids.
As I understood it, Dad formed the trust primarily to hold title to their real estate holdings, some that were outside the U.S. Not exactly sure what the ramifications were, but knowing my Dad there was a good reason. -D > On Nov 16, 2020, at 12:54 PM, Jim Cathey via Mercedes <mercedes@okiebenz.com> > wrote: > >> Next, pick the Trustee carefully, and each successor Trustee, during the >> life of the trust. > > Absolutely. You are effectively choosing a monarch, which works great > until you get a bad one. > > -- Jim > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
