Selecting a Trustee: Things to Consider

Are you having a hard time deciding on a Trustee for your estate plan? It is not uncommon for decisions like this to be difficult. Let’s look at the attributes that should be taken into consideration when choosing a Trustee. You may want to factor in age, maturity, responsibility level, physical location, your personal relationship with them, and ability to handle money. What will your Trustee do? Your Trustee, once appointed, will have the responsibility of managing and distributing your assets according to your wishes. They will work together with your beneficiaries, advisors, and other fiduciaries. Since your Trustee will be working with other parties, it is prudent to consider any existing feuds or other possible sources of discord that may affect the administration of your estate. If you foresee your choice of a Trustee conflicting with another party, you may wish to consider another person to serve as trustee.  Alternately, you may be able to reduce the discretion granted
http://www.norcalplanners.com/blog/living-trusts/selecting-a-trustee-things-to-consider/

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