[WSBAPT] naming more than 2 co-trustees
Tom J. Westbrook
tjw at w3net.net
Wed Jul 23 11:31:50 PDT 2014
Don't do it - trust your instinct. Not only is it a terrible idea from a
practical and administrative standpoint, I'm not sure Trustee's can act
independently and all meet their fiduciary duty to each other and the
beneficiaries. I would advise my client not to do this and to keep it simple
and straightforward so no one ends up in harm's way.
I am sure someone else can put this much more eloquently than I did.
Sincerely,
Tom
Thomas J. Westbrook
Attorney at Law
Thomas J. Westbrook, PLLC
PO Box 1
Littlerock, WA 98556
Olympia Office:
Evergreen Plaza Building
711 Capitol Way S.
Suite 101
Olympia, WA 98501
Telephone: 360-357-7400
Facsimile: 360-357-7414
Email: tjw at w3net.net
Skype: thomas.westbrook
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-----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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