[Worldseries27]

Originally Posted by retiredguy123

it depends on what you want the trustee to do. If you want them to make financial decisions for you while you are alive, it sounds like you want a power of attorney. Several lawyers have told me that they will not do that because of liability. If you want the trustee to manage your assets after you die, a lawyer or bank will do that, but they will charge the trust a lot of money. I am a trustee for a friend's trust who passed away, but wanted to fund her grandchildrens' college education. I don't charge the trust anything, but, if a bank were doing it, there would be a lot of charges for investment management, administration, tax returns, etc.

i'm your 10,000 thanker.
Thanks for the time and effort