Who should I appoint as my successor trustee?
A major decision that needs to be made when establishing a revocable trust is, who should be your successor trustee? A successor trustee is the person or people who will step in to manage your trust in the event you become incapacitated or pass away. In general, most people immediately look to a close family member or possibly friend they trust and who will likely not charge for their time managing the trust. That way of thinking is of course better than selecting someone untrustworthy or irresponsible. However, I would strongly recommend taking a more thoughtful approach when deciding who will be your successor trustee.