Choosing the Right Trustee<\/p>\n
When you begin planning your estate, it\u2019s 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.<\/p>\n
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\u2019s best interest.<\/p>\n
Additionally, the ideal trustee is currently in good health, and will be in good health for hopefully many years to come. If you don\u2019t 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\u2019s important to be aware that some institutions charge a fee or percentage to manage your trust.<\/p>\n
It\u2019s also crucial to understand your family dynamics when selecting a trustee. It\u2019s always best to avoid conflict and clearly explain why you have selected a certain individual.<\/p>\n
Once you select a trustee that will fit your needs, it\u2019s important to reevaluate that decision every few years. This can ensure that your trustee is still willing and able to manage your trust.<\/p>\n
If you are concerned about selecting the right individual, or want guidance and the right choice, contact an estate planning attorney who can assist you in this process. The Law Office of Michelangelo Mortellaro can help you every step of the way.<\/p>\n","protected":false},"excerpt":{"rendered":"
Choosing the Right Trustee When you begin planning your estate, it\u2019s important to select a trustee that will act out […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[1874],"tags":[],"class_list":["post-25603","post","type-post","status-publish","format-standard","hentry","category-estate-planning-attorney"],"yoast_head":"\n