Understanding Corporate Trustees
7 Reasons To Have A Professional Help You Build, Manage and Protect Your Wealth
7. As Successor Trustee
If you decide to be your own trustee (for example, of your revocable living trust), consider naming a corporate trustee as your successor trustee. In this capacity, they will step in and manage your trust for you when you can no longer act due to incapacity or death. Many people like the idea of having a professional take care of the paperwork, tax filings and other final details.