So I want to add Schwab as successor trustee of my living trust. My main concern is that after my death, Schwab advisors will replace my fund with a combination of retail mutual funds that have front-load fees and high expense ratios, which I believe are designed to cheat people.
I only want institutional funds, like SP500, to be invested by Schwab.
However, Schwab declines my note in the trust document and states that Schwab has a 100% right to decide what to invest.
Any advice or insight on this?