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Two Trustees to Husband and Wife  Form

Two Trustees to Husband and Wife Form

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Instructions and help about Two Trustees To Husband And Wife

Today's question how many trustees can I name as trustee of my revocable living trust the answer it depends you can name one two or more trustees if you wish in general if you're a married couple we often the name both husband and wife as initial trustees of the revocable living trust then if you should die or become incapacitated you pick someone else to take over as trustee when husband and wife are alive they often serve as co-trustee with each having the power to act alone however after you die you can also name co-trustees for instance if you want two of your children to act together as trustee that's totally fine please be aware if you name them as co-trustees talk with your attorney about whether they must act jointly or separately there's pros and cons to each method and your attorney will be able to advise you regarding your situation and which one is best if you wanted to name three co-trustees you could even do that I caution against naming to

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