letsgobobby wrote:Did vanguard accept being a co trustee?
Calm Man wrote:OP, you mean your child is on Medicaid, not Medicare, right? If so, the trust needs to be a special needs trust or he will lose eligibility for Medicaid.
plannerman wrote:Vanguard requires specific language in the trust before they will accept it. If you are counting on them to be a co-trustee, you should send them a copy for pre-approval. If you do not have the required language currently in the trust document, it's a lot easier to get it added while you are alive.
bsteiner wrote:If you're considering banks or trust companies in your area, the lawyer who handles your estate planning should have good relationships with many of them, and should be able to introduce you to people at several of them.
celia wrote:When we created a trust about 30 years ago, we used one of the trust companies our lawyer recommended as a back-up executor. The company no longer exists, nor the company who took them over. However, all the relatives we listed (in succession to each other) as executor before the trust company are still around and live at the same address as originally documented. You need to plan for several of the executors not being available/willing.
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