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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Powers Of Trustee Posted by SeanW on June 28, 2003 at 4:23 PM I've been comparing a draft of my living Trust with the one on Bronchick's site; both of them spell out pretty broad powers to the trustee-- things like the power to buy partial interest in business, invest overseas, etc. This is all moot while I'm alive, in a beneficary-directed revocable trust... Since in practice, the only thing I will ask my trustee to do, is deed-in and deed-out of the trust. Everything else, I will manage. But I'm just curious, if you other "pros" leave wide latitude to your trustee, in the event you are incapacitated...? Or did you trim the language of the trust declaration to its bare minimum? Follow Ups: Keeping your trustee honest... Ward-CA- 11:28 PM, 06/29/03 (10) hoodia Harry Juna 2:42 PM, 02/03/05 (0) Re: Keeping your trustee honest... Travis-CA 7:00 PM, 06/30/03 (1) LLC vs Trust SeanW 9:54 PM, 06/30/03 (0) Tripwires SeanW 8:37 AM, 06/30/03 (6) Control mechanisms over a trustee... Ward-CA- 4:18 PM, 06/30/03 (5) Re: Control mechanisms over a trustee... jenv 1:52 AM, 07/01/03 (4) Control mechanisms over a trustee... Ward-CA- 11:41 PM, 07/03/03 (2) Re: Control mechanisms over a trustee... jenv 1:44 AM, 07/04/03 (1) Don't give the "criminally inclined" that much credit... Ward-CA- 11:51 AM, 07/04/03 (0) Re: Control mechanisms over a trustee... SeanW 6:33 AM, 07/01/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I've been comparing a draft of my living Trust with the one on Bronchick's site; both of them spell out pretty broad powers to the trustee-- things like the power to buy partial interest in business, invest overseas, etc. : This is all moot while I'm alive, in a beneficary-directed revocable trust... Since in practice, the only thing I will ask my trustee to do, is deed-in and deed-out of the trust. Everything else, I will manage. : But I'm just curious, if you other "pros" leave wide latitude to your trustee, in the event you are incapacitated...? Or did you trim the language of the trust declaration to its bare minimum? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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