Succession Planning for Trustees (and Grantors) (Journal Article)

We consider methods of ensuring that the trust can be successfully managed in the future, whether by current or future trustees. Consideration is given to the issues of revocable versus irrevocable trusts, succession patterns, individual versus corporate trustees, federal estate taxes, and special situations.

Author: Dennis C. Reardon, JD, LLM, CLU, ChFC, is the principal of Reardon & Associates, a law firm in Wayne, PA, where he specializes in tax matters related to estate, business, and compensation planning. He is a fellow of the American College of Trust and Estate Counsel and is a frequent speaker at professional meetings throughout the United States.