Can an authorized signer be added to a trust account by a Trustee? We have a customer, the mother, who has a revocable trust with us. The Grantors/trustees were the mother and father. Father is deceased. In the trust documents we have it states that once both grantors/trustees are incapacitated or deceased then the son and daughter will become co-trustees and act jointly together. Well, the mother came into one of our branches the other day and added the son to the account as an authorized signer. I was under the impression that the trust document would have to state that the trustee could add an authorized signer - but nothing I read in the trust states this. Is there something in the Indiana code that allows this? I'm not real familiar with trusts - but I was under the impression from past experience that it needed to be stated in the trust.
Any help would be appreciated!
Thanks