Reply to 3rd party fiduciary for Trust question

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[quote=Anonymous][quote=Anonymous]If it were me I'd get a friend to do it then have the friend resign and get yourself appointed as trustee.  [b]It seems like the only reason you are having difficulty being appointed is this particular lawyer.  [/b]Otherwise,you are not a beneficiary so there is no reason you or your husband couldn't be the trustee.  When your friend resigns you can find more agreeable counsel to represent them.

Alternatively, having a bank as trustee isn't the worst thing in the world.  Many charge about 1% per year fee and it might be worth some peace of mind that MILs surviving relatives cannot accuse you of misappropriation the trust assets.[/quote]

Please disregard this person who is asking you to have a friend violate fiduciary duties. And there is another reason she shouldn’t be trustee. She was not named as one when she could have been. I don’t think any neutral person evaluating this case would have her be a trustee.

I hope her cousin reads these posts and ensures the kids’ money is kept safe for their real needs. [/quote]

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