Should I have conversations with the people that I am planning to put into my trust?
It usually comes down to children and many people completing this process are doing it when their children are older. It is also important to do it even when children younger for guardianships and supervision reasons.
Ultimately, you don’t have to tell your children what you’ve done. It is a case-by-case situation on whether or not you share the information with them. Sometimes it is a good idea not to because if you tell your children, “Hey, I’m going to make Johnny the trustee and not Susie”, and Susie was expecting it to be her, it is probably better to just find out later. But sometimes letting them know now, “Hey, I did that because Susie, you’re a missionary in Zimbabwe, and Johnny lives down the street. It’s not because we don’t like you.” It really depends on the situation.