Choosing a successor trustee for your trust is an important decision. It should be someone, or a professional entity, with certain legal and financial sophistication (and experience, if possible). With the choosing, keep in mind that your initial selection can easily be changed as soon as you access your Client Console. Indeed, you may make changes as to your choice of a successor trustee(s) many times over the course of several years; it happens a lot. With the MLCP platform, changes can easily be made with a few keyboard entries and a button click.

We use "default" corporate trustee selections, which are very often the best choice. And you can change the corporate trustee name, as well, by simply editing the entry fields and submitting the page. If you decide on a natural person (such as your son or daughter) to appoint as your successor trustee, simply click the "Select a Natural Person..." radio button and enter the name(s) and relationship(s). The corporate trustee will still be listed in your trust document but only as an alternate successor trustee to serve if your first and second appointees decline the appointment when the time comes to serve.