Naming a trustee isn’t about about just naming your oldest, or making sure all your kids are equally involved when they act as a successor trustee. There are two major roles a trustee plays: The first role is if you become incapacitated (and there’s an 85 percent chance that this will happen to any of us) and the second one is, of course, after you die.
In this short legal webinar, Estate Planning and Trust Administration attorney, James L. Cunningham explains why naming your kid as trustee might not be the best choice.