tranquility
Senior Member
And provided the myriad little details are properly covered. And a person is aware of the additional costs through the life of the trust. And a person is ready for the additional complexities and responsibilities of managing assests during the life of the trust. And..Provided the trustees are trustworthy, right-minded and fair. Far better to have a neutral party who is not a benefiricary or a corporate trustee handle an estate where they may be the possibilty of underhandedness amongst siblings. Save yourself tens of thousands of dollars in attorneys fees and even hundreds of thousands when it comes to litigation.
(By the way, although it's great to have a corporate trustee as the last in a list of successor trustees to make sure the trust will always have someone in charge, once they get their hands into a trust it is near impossible to pry them loose. I hate corporate trustees. They don't care about anything except their fee and not doing anything which could get them sued.)