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The Range
NFA & Class III Discussion
State of eForms Jan 20, 2015
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<blockquote data-quote="Surveyor1653" data-source="post: 2700171" data-attributes="member: 5197"><p>Sorry, didn't see your question last night.</p><p></p><p>You have two types of Trustee: The Initial Trustee and the Successor Trustee. Your Dad would be the Grantor and one of the Initial Trustees. Initial Trustees are those who can possess the items independent of other Trustees. Successor Trustees are just those who act when the Initial Trustees can no longer act on behalf of the Trust (death, etc.) You can also name your Beneficiaries.</p><p></p><p>Check out the pdf worksheet on Winton's website. They answer the "how many" question for each type of trustee there.</p></blockquote><p></p>
[QUOTE="Surveyor1653, post: 2700171, member: 5197"] Sorry, didn't see your question last night. You have two types of Trustee: The Initial Trustee and the Successor Trustee. Your Dad would be the Grantor and one of the Initial Trustees. Initial Trustees are those who can possess the items independent of other Trustees. Successor Trustees are just those who act when the Initial Trustees can no longer act on behalf of the Trust (death, etc.) You can also name your Beneficiaries. Check out the pdf worksheet on Winton's website. They answer the "how many" question for each type of trustee there. [/QUOTE]
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NFA & Class III Discussion
State of eForms Jan 20, 2015
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