I'm putting together a simple trust for NFA items, along with a few family members. My question is, do I need to name them all as Trustee's, along with myself, or can I just leave them as Successor Trustee's? I want to make sure we can each have legal possesion of anything on the trust, weather we're together or apart (we all live in NW Ohio). The program I used automatically listed them all as Successors, but that doesn't sound correct to me. Last thing I want to do is get any of them into hot water. Our ultimate goal is to pool our resources, get a nice collection together, and be able to use them together or individually at any given time or location. That, along with assuring the items future ownership/succession. Thanks in advance for any advice.

Or is otherwise removed as a trustee.

I have a quick question that didn't need its own thread, as it could fit in with this one.

OK, so now I'm confused bigcbass.

I was just getting ready to amend my trust to add a co-trustee. I want that person to handle the trust after my death. I was also going to name that person as a successor trustee.

Are you saying that if I list someone as a co-trustee so that they can use the trust assets, and then I, as the settlor die, I don't need a successor trustee because the co-trustee can act after my death and distribute the assets to the beneficiaries? In other words it would be redundant to list the person I want to handle the distribution of assets as a successor trustee if they are already a trustee?

Thanks for your insight.

Thanks bigcbass!

There is no requirement that you have a successor trustee. IMHO, you only need one if you only name yourself as a trustee in the trust. If you name more than yourself as a trustee, there is so need for one.