Probate Valuation Of Chattels – Trusts Q & A
House clearance Halifax reccomends you should set yourself up as your own trustee, or set a financial institution as trustee. This way you retain full control of your assets as long as you are able to manage your own affairs. You can appoint your spouse or the financial institution as your successor trustee, so they can take over in the event that you cannot continue as trustee. When you die all trusts become irrevocable and the trustee distributes the assets as the trust document specifies or keeps them in trust for the beneficiaries, if that is what the trust says to do.