headingout
Recycles dryer sheets
- Joined
- Feb 18, 2008
- Messages
- 147
We've had some family changes that necessitate: (1) finding a new executor for our wills, and (2) defining a trust-like mechanism to manage assets for my son during his young adulthood, should DW and die. So I have a few questions:
- If you couldn't choose a trusted family member to be the executor for your will, who would you choose, and how would you go about finding them? My first instinct is to ask friends to recommend local law firms that specialize in estate planning. I'd like an institution, not just an individual, for continuity. What about banks? Any other good options?
- If you needed to put some controls in place over a potential large inheritance to a young adult, but wanted to keep it as simple and private and cheap to administer as possible, what would you do? I know that a trust is the usual approach, but are there any "pre-packaged" trusts out there, or even investment products that would serve the same function?
- Does anybody have experience using either Vanguard or USAA as a trustee?