To: JD86
Interesting topic and I will have to give this some thought. One suggestion I have right off, based on experience twice, one who stands to be a beneficiary should NOT be a trustee or executor. I think it allows for too much of an opportunity for manipulation. In addition, depending upon how things work out, it can cause very hard feelings among survivors/siblings that will ruin families. I have seen this happen to a friend of ours and it is just awful!
To: celtic gal
One suggestion I have right off, based on experience twice, one who stands to be a beneficiary should NOT be a trustee or executor. What and how should an executor get paid? What happens if a named executor can't or won't accept the role?
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