Who should be named as the Successor Trustee?
It makes sense, in many cases, to name an adult beneficiary as Successor Trustee. A number of alternate choices for Successor Trustees can be named in the Living Trust document in the event a first choice is unable to act, and so on. Two people may act together as co-trustees, as do spouses when a joint trust is made by them (for example, an A-B or Disclaimer Trust). When a named beneficiary is too young or financially unable to act, however, another person should be named as a Successor Trustee in order to control and manage the Living Trust assets for the young or financially immature trust beneficiaries.
