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There are some pluses in having a large entity as an executor on a trust as the that entity will never pass away and thus you will never need to have a successor trustee. There are many minuses though such as there is most likely a very large fee that will eat into the assets of the estate. You as the spouse probably know the intent of your husband better than any stockbroker could. Sometimes it is a good idea to put a large entity at the end of a list of successor trustees as that will ensure that the trust will have an executor to distribute assets. If you and any other relatives are named as trustees or successor trustees and the estate is relatively simple and the assets relatively small then it probably does not make sense to use Merrill Lynch as an executor of the trust.
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