As we age, handling finances alone often becomes overwhelming. For clients with Revocable Living Trusts already struggling with finances, they may want to consider naming an adult child as a co-Trustee now rather than later. That co-Trustee can handle many of the tasks of investing, bill paying, etc. before important items are missed (e.g., missing a Long Term Care premium payment). It also smooths the way for estate administration since the co-Trustee will simply continue managing the assets and distributing them in accordance with the terms of the Trust without delay or red tape. Whether a co-Trustee is appropriate in a given client or family situation is determined after detailed discussions in our office.

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