[WSBAPT] naming more than 2 co-trustees

[Margaret Langlie]

Cy,  I generally advise against co-trustees unless one is specifically
tasked with making the investment/administrative decisions and the other
makes discretionary decisions regarding family matters, thresholds and
distributions (usually a combination of professional trustee and family
member) plus naming one or the other as the final decision maker if in
dispute.  

Using the trustee's power to delegate authority to agents (children) might
be a way to satisfy the client, without creating the power struggle and
always allowing the trustee to "un-delegate" an agent.  

"No" is still the best answer in my opinion.

Warm regards,

Margaret
mlanglie at goddulanglie.com
(360 378-2181; (425) 466-6601



-----Original Message-----
From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Cyrus Field
Sent: Wednesday, July 23, 2014 11:04 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] naming more than 2 co-trustees

Folks- I have a client who wants to name himself and several children as
co-trustees of his restated RLT, each having the right to act
independently.
To date, I have never drafted a trust naming more than 2 co-tees and the
idea of doing so, especially where they can act independently (although I
know each can delegate to a co-tee under RCW 11.98.016), seems fraught
with
peril. Any practical advice/experience to share out there for this type of
situation? Thanks in advance, Cy


Cyrus W. Field, Attorney at Law (admitted in Washington and Oregon)
phone: 360-472-1223 Mail: POB 367, Shaw Island, WA 98286 Office: 640
Mullis
St. Friday Harbor, WA
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