Choosing the Right Trustee

Most people spend months deciding how their beneficiaries should inherit their assets, and yet only minutes deciding who will coordinate their estate plan. This decision will have a lasting impact on your family. A trustee is responsible for carrying out your wishes and ensuring your trust is administered properly. Today, you will learn what makes a great trustee. We will also discuss options that may help protect your wishes if the person you initially choose is no longer the best person for the role. >> (3:57) The characteristics that can make or break a trustee >> (6:48) The biggest trustee-selection mistakes I've seen families make >> (9:04) Key questions to ask before naming your trustee >> (14:44) Individual vs. corporate trustees: which may be right for you? >> (16:58) Co-trustees: added protection or a recipe for conflict? >> (18:01) How to add additional safeguards to ensure your wishes come to fruition >> (18:34) The questions that can help you choose the best trustee for your family Choosing the right trustee may be one of the most important and overlooked decisions in your estate plan. The right person can help carry out your wishes and protect the legacy you have spent a lifetime building. Take the time to review your choice today, because the person who looks right may not always be the person best equipped to serve when your wishes. Enjoy the episode! Are You Ready For Retirement? When you replace uncertainty with facts, including your income, your spending, and your strategy, everything changes. You move from guessing… to knowing. Retirement readiness is not just financial; It's your life and future.  Take the quiz: https://themillionaireinsider.com/rrq  Enjoy the episode! Links Referenced in the Show: Have Questions? Need Support? https://themillionaireinsider.com/sr Show notes and more information: https://themillionaireinsider.com/177 This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.