Pennsylvania Estate Planning Lawyer On Spouses as Trustees
http://www.paestateplanners.com/ Pennsylvania estate planning lawyer David Frees discusses the concerns about having a current spouse as the executor or trustee of a will or trust. If you are remarried and wondering who you should choose, consider what the late Senator Ted Kennedy did in regards to his will and trust.
Though she is an attorney, Ted Kennedy did not select his current wife as the executor and trustee when he passed away. Instead, he chose a close friend knowing that his wife would have been put in a difficult position of conflict of interest, since there were children from a previous marriage involved.
If you are remarried, it may not be necessary or even desirable to have your current spouse be the executor or trustee. Such a conflict of interest could interfere with personal relationships when you are gone.
Call a Pennsylvania estate planning lawyer at the law firm of Unruh, Burke & Frees if you have any questions about who should be the executor or trustee. Our team of experienced and knowledgeable lawyers can advise you in making these tough decisions.
You can also review Senator Kennedy’s will on our website.
To find out more about wills and trusts, you can order a free copy of the informative guide, Enhanced Estate Planning: What You Need to Know About Hiring An Attorney & Creating A Plan That Works. http://www.paestateplanners.com/practice_areas/executor-trustees-and-probate.cfm