Naming a trustee the key to setting up a trust

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If you are planning to leave property or other assets to heirs by using a trust, one of the most important considerations is deciding who will run the trust once you are gone.

The person you chose -- your fiduciary -- is responsible for managing the assets in the trust and making distributions to your loved ones in line with your wishes.

The trustee you name must be willing to carry out your wishes no matter his or her personal feelings about them.

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Published In: Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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