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Old 05-06-2019, 02:40 PM
retiredguy123 retiredguy123 is offline
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I don't think I could ever "trust" an investment company to handle my money as a successor trustee after I die. If I couldn't find a personal friend or relative to manage my money, I would distribute the money in a will. I think the basic published annual fee charged by the investment company to act as successor trustee would be small compared to the other charges, such as accounting, tax preparation, legal fees, reporting fees, and other related fees associated with administering the trust assets. This is especially true if you expect the assets to be held in trust for a long period of time.