Revocable Form Trust With Multiple Trustees
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FAQ
A revocable trust can be changed at any time by the grantor during their lifetime, as long as they are competent. An irrevocable trust usually can't be changed without a court order or the approval of all the trust's beneficiaries.
You might believe that if one living trust is a good thing, then multiple trusts must be even better. To be clear, yes, you may have one, two, or more living trusts. As with all estate planning questions, though, whether or not multiple trusts make sense for you depends on your circumstances.
Generally, the same corporate trustee can be used for multiple trusts. However, consideration should be given to whether this would achieve clients' specific objectives.
To be clear, yes, you may have one, two, or more living trusts. As with all estate planning questions, though, whether or not multiple trusts make sense for you depends on your circumstances.
Generally, the same corporate trustee can be used for multiple trusts. However, consideration should be given to whether this would achieve clients' specific objectives.