Successor Trustee(s)- Manages your trust upon your disability or death. The successor trustee(s) is usually your adult children, or a trusted friend. The trustee has a fiduciary duty to the trust so it is critical you trust this person!
Who do you choose as the Guardian? This person is a responsible adult who will raise your child(ren) if something happens to you.
****I typically advise clients not to choose a married couple due to the potential chance of a separation/divorce. Please choose an individual.***
This person manages your child(ren)’s inheritance from the trust and outside the trust- can be the same person as the guardian or another adult but someone who is also fiscally responsible.
Unless otherwise advised by you, no distributions will take place for minors until they are 25 years of age, except for health needs, educational needs, support & maintenance needs.
**SPECIAL CARE NEEDS**
**SPECIAL BEQUESTS (SPECIFIC GIFTS) OF ANY PROPERTY**
**SEPARATE PROPERTY INFORMATION**
Separate property is property you or your spouse owned before marriage or property either of you have acquired after marriage by gift or inheritance. This property can still be put in the trust and either managed separately or it becomes community property.
Real Estate: Please include residence, time shares, and investment properties **INCLUDE COPY OF GRANT DEEDS W/ LEGAL DESCRIPTION TO THE PROPERTY**
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