Has Anyone Had A Trustee Give Them Trouble?

I am setting up land trusts for some rental properties. I will have a number of different trustees. I would like to know if anyone has had a trustee give them trouble and if so what type.
Thanks.
Paul

Comments(2)

  • myfrogger7th November, 2004

    I am looking more and more into using land trusts.

    Who do you use as your trustees and what do they charge?

    Thanks

  • JeffAdams7th November, 2004

    Paul:
    How have you been? I use one relative that I trust on as my "Trustee". The trust I use is revocable so that I can change who the "trustee" is at anytime using an Amendment To Trust Form without the consent of the "Trustee". So if they give you trouble, you name someone else as your "trustee".

    I was advised by my attorney to use a company or a relative I could trust.

    Best Riches,
    Jeff Adam

    _________________
    "Capture Motivated Sellers Automatically"[ Edited by JeffreyAdam on Date 11/07/2004 ]

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