Today's question how many trustees can I name as trustee of my revocable living
trust the answer it depends you can name one two or more trustees if
you wish in general if you're a married couple we often the name both husband and
wife as initial trustees of the revocable living trust then if you
should die or become incapacitated you pick someone else to take over as
trustee when husband and wife are alive they often serve as co-trustee with
each having the power to act alone however after you die you can also name
co-trustees for instance if you want two of your children to act together as
trustee that's totally fine please be aware if you name them as co-trustees
talk with your attorney about whether they must act jointly or separately
there's pros and cons to each method and your attorney will be able to advise you
regarding your situation and which one is best if you wanted to name three
co-trustees you could even do that I caution against naming too many
co-trustees because of ease of administration concerns and remember if
you say they must act jointly they're all going to have to sign for each
action but in general it's up to you how many trustees to name and the right
answer depends on your specific situation.
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