Are Co Trustees a Good Idea?

Appointing co-trustees may seem like a good choice for many reasons. For example: Having two trustees can act as a safeguard, since there is a second person with access to records and responsibility for management and monitoring. In theory, having two trustees reduces the burden on each, since the work is shared.

What can a co-trustee do?

Can a co-trustee act alone? When there are multiple trustees appointed to manage a trust, they are called co-trustees. A trustee manages and administers a trust, including selling and distributing trust property, and filing taxes for trust income when necessary.

Do co-trustees have to act jointly?

The default rule in California is that co-trustees must act unanimously. In California, unlike most states, co-trustees must make administration decisions by unanimous consent.