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Tripwires

Posted by SeanW on June 30, 2003 at 8:37 AM

In Reply to: Keeping your trustee honest... posted by Ward-CA- on June 29, 2003 at 11:28 PM


: What you need are some early-warning trip wires [in your trust] and a back-up transfer deed.

------------------------
Ward, what would be some examples of tripwires?

Also, the standard language of the trust says communication with the trustee can be orally or in writing. Should all trust communication to the trustee be in writing?

How would I handle a situation where I want to sell something, when my trustee is unavailable? Would a POA from the trustee work, or would I need to substitute myself as trustee-- (therefore causing me to lose the privacy that I had been trying to preserve.)

Thanks in Advance, Sean




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