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The Range
NFA & Class III Discussion
Trust with trustee question
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<blockquote data-quote="Sanford" data-source="post: 2894396" data-attributes="member: 27733"><p>IANAL but my trust was written by one and consists of myself as Settlor and Trustee, with no others at present (although others can be easily added and removed as needed/desired). While there is a successor trustee named he is not a current trustee and not a "responsible individual" as regards the trust as long as I'm alive so no photo/fingerprints are required for him. There are also named beneficiaries but they are also not "responsible individual(s)" as regards the trust. So I'll stick with my original answer to the question "In Oklahoma, do you have to have trustees other than yourself on a trust?" which was "No".</p></blockquote><p></p>
[QUOTE="Sanford, post: 2894396, member: 27733"] IANAL but my trust was written by one and consists of myself as Settlor and Trustee, with no others at present (although others can be easily added and removed as needed/desired). While there is a successor trustee named he is not a current trustee and not a "responsible individual" as regards the trust as long as I'm alive so no photo/fingerprints are required for him. There are also named beneficiaries but they are also not "responsible individual(s)" as regards the trust. So I'll stick with my original answer to the question "In Oklahoma, do you have to have trustees other than yourself on a trust?" which was "No". [/QUOTE]
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