Choosing a successor trustee is an important decision, as this person will manage your trust and distribute your assets according to your wishes after you pass away or if you become incapacitated. Here are some factors and options to consider when deciding who to name as a successor trustee:
In all states, a trustee must be at least 18 years old, have no felonies, and be of sound mind. It is often recommended that the trustee be from the same state that you reside. Trustee powers may have some limitations if you plan on naming a successor trustee that resides in another state or country.
If you are considering naming a trustee that does not reside in your state, you may wish to reach out to an attorney in your area to better understand the regulations for your state and any potential complications that could arise.