by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193
Sometimes a power of attorney is not the best way to insure that someone you choose will be ready to help you when you need it.
In these situations a better choice may be to set up a trust.
A trust can have, built into it, helpers who are able to help you when you are unable to visit the bank on your own. The helpers named in a trust are known as trustees. The trustees you choose are much more able to assist you than the agent in a power of attorney.
You can be the trustee of your own trust. The successor trustees you pick are ready to help you when you need it.
Banks and brokerage firms do not get in the way of successor trustees in the same way they do with agents under powers of attorney
by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193
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