Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Successor trustee recommendation
Old 04-14-2021, 12:11 PM   #1
Confused about dryer sheets
Mark@K-Town's Avatar
 
Join Date: Oct 2007
Posts: 4
Successor trustee recommendation

I worked with my parents to establish a trust for my younger (disabled) brother. The trust has three components: an inherited IRA, a “Special Needs” trust, and a conventional “For Benefit Of” trust. I am named in the trust documents as the Advisor to the Trustee, and as such I have the authority to replace the Trustee. About a dozen years have gone by since my parents passed away. I am now considering replacing the Trustee and would like to hear from anyone with similar experience who could suggest/recommend successor trustee candidates, either corporate firms or individuals.

I need the successor trustee to provide bill paying services for my brother, tax management services, and property management service (for my brother’s residence), but I don’t need investment portfolio management services. The investments are at Vanguard and are passively managed (only a half dozen index funds that are rebalanced annually). Other than annual rebalancing, there is also an annual RMD from the inherited IRA to the cash account that is used to pay my brother’s bills.
Mark@K-Town is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply

Tags
management, trustee


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What To Share with Executors/Successor Trustees (Well) In Advance? Midpack Other topics 21 12-10-2020 10:51 AM
Successor trustee advice The Cosmic Avenger Other topics 14 10-24-2018 12:08 PM
How hard is it to be a successor trustee? BBQ-Nut FIRE and Money 10 11-17-2015 08:04 AM
BRK's successor and is anyone dumping it? myself Stock Picking and Market Strategy 18 05-14-2012 10:55 PM
What Assets Are At Risk When Trustee Is Sued? Danny Other topics 15 03-20-2006 06:10 PM

» Quick Links

 
All times are GMT -6. The time now is 11:09 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.