Legal Question in Insurance Law in California
Can an life/annuity insurance agent act as the trustee for her client (the annuitant) when the owner of the policy is a Private Investment Trust? If not, can the agent's spouse take over as successor trustee?
Asked on 10/22/09, 11:50 pm
1 Answer from Attorneys
Steven Murray
Steven W. Murray, APC
The technical answer is to see what the Trust itself provides regarding changes in a trusteeship. The more serious question is the potential conflict of interest a professional has in acting as a trustee for a client. Contact a lawyer who will give independent advice to the client.
Answered on 10/28/09, 1:51 pm
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