How to Choose the Right Trustee of a Trust

Choosing the trustee of a trust is a major decision that can have excellent or devastating consequences to your estate plan. Therefore, it is critical that you take different scenarios into account when selecting a trustee. Today's episode will provide insight so you can choose the best person. Estate planning and the various decisions that come along with it can be overwhelming. Today's episode, "The Right and Wrong Trustee of a Trust," is designed to simplify the process. In this episode, you will learn: >> (3:15) What is a trustee? >> (6:17) Why including a financial advisor on your team is so important >> (8:25) Pros of having a family member as your trustee >> (11:29) A critical mistake you want to avoid when choosing your trustee >> (18:10) The ongoing responsibilities of a trustee >> (22:48) The advantages of having a corporate trustee >> (28:55) A real-life example of a nightmare trustee >> (31:47) One of the biggest factors in choosing your team Finding the right person to distribute your assets according to your wishes as specified in your trust is critical. Today's episode will provide insight on what to do, what you should avoid, and why. Careful planning and properly vetting the person you think is right is crucial to your estate plan's success.  Links Referenced in the Show: The Estate Planning Checklist: https://themillionaireinsider.com/epc Get your Free Financial Checkup: https://themillionaireinsider.com/fc Show notes and more information:https://themillionaireinsider.com/75 This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.