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Family Trusts, any good?
Comments
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It's as simple as you've described it. If you set up a lifetime trust, (i.e. whilst you are still alive compared to a will trust when you're dead) you are the settlor and have full control over the trustees so you can add or remove them as you like. You can also be a trustee.
Can a Trustee of a Will trust be removed before I die?
Thanks0 -
Forever_Forest wrote: »Can a Trustee of a Will trust be removed before I die?
Thanks
Yes you canStephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0 -
Forever_Forest wrote: »Can a Trustee of a Will trust be removed before I die?
Thanks
Yes change your will - they don't become trustees until you die.0
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