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How To Choose A Trustee

What To Talk With A Trustee About

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Once you have determined who you want as Trustee and Successor Trustee (the person or company that takes over if the Trustee dies, resigns or otherwise fails to serve), it is advisable to talk about:

  • Your wishes, including how to invest the assets and what to do with the income.
  • The beneficiaries, their needs, and how you do and do not wish to take care of the beneficiaries. For example, if you set up a trust for a disabled child, discuss:
    • The nature of the child's disability.
    • The emotional and financial care provided by other people.
    • The people who take care of the child.
    • The child's capabilities, limitations, likes and dislikes, and behavioral quirks.
    • The child's routine.

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