The Trustee Is The Person With Legal Control Of Property In The Trust
Passing It On: Estate Planning for Families · Michael Pevney
September 25, 20232m 43s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com the trustee is the person that controls the property inside of a trust. For most of my clients, I set up a revocable living trust. That means that while you are alive, and you are in complete control of the trust. Once we are gone, we need to select a successor trustee. The successor trustee has the legal control of the property inside of the trust. But that doesn't mean they get to do whatever they want with it. They have to follow the rules of the trust, as the trust was initially set up. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty #trustee #Death, #DeathCertificate.