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#2165347 - 02/21/18 06:34 PM Living Trust-Donor/Trustee has Alzheimers
Jo Offline
Joined: May 2009
Posts: 75
There is a Living Trust, whose sole donor/trustee has Alzheimers and is no longer able to perform these functions. There is a paragraph that addresses who should become successor trustees should this situation arise, upon their written acceptance. My question is, should we have them present us with a Doctor's letter stating that this individual is incapacitated prior opening any account for this Trust?

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#2165366 - 02/21/18 08:17 PM Re: Living Trust-Donor/Trustee has Alzheimers Jo
Cape Codder Offline
Gold Star
Joined: Jul 2011
Posts: 413
Jo, we certainly would, even if there was no such requirement in the trust document.
Nothing difficult is ever easy.

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#2165368 - 02/21/18 08:28 PM Re: Living Trust-Donor/Trustee has Alzheimers Jo
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,043
Cape Cod
Ditto ^^^. You need documentation that the trustee can't fill that role any longer.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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