Estate Planning Attorney | When you begin planning your estate, it’s important to select a trustee that will act out your wishes, and be responsible and trustworthy. Choosing the correct trustee is important since they will be managing investments and assets, paying bills and handling your finances and property. Before choosing a trustee, talk to a skilled estate planning attorney who can offer guidance and suggestions on this big decision.
There are a couple of things you should consider when selecting a trustee. The first requirement is that the trustee is over the age of 18 and also managing their own financial affairs without issue. They should be trustworthy and dedicated to serving in the beneficiary’s best interest.
Additionally, the ideal trustee is currently in good health, and will be in good health for hopefully many years to come. If you don’t know a suitable trustee or are unsure who to select, an estate planning attorney might suggest assigning a professional trustee or institution to manage your trust. If this is the right move for you, it’s important to be aware that some institutions charge a fee or percentage to manage your trust.
It’s also crucial to understand your family dynamics when selecting a trustee. It’s always best to avoid conflict and clearly explain why