Legal Question in Wills and Trusts in Utah

I am wanting to name a bank for trustee for a life insurance policy for my kids. what would be the best senario in doing so? is there a different way to secure the money?


Asked on 1/10/10, 1:34 am

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Some banks have trust departments that will serve as a trustee. They charge a fee for their services. If you do not want to name a bank you can name any individual over age 18 in whom you have confidence to be the trustee. You can agree to pay that person or ask the person to serve without compensation.

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Answered on 1/15/10, 8:00 am


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