Setting up a trust to protect your estate and beneficiaries from probate? Excellent! Here’s the next tough hurdle to finalizing your estate plan: selecting a trustee that you can count on.
Naming a trustee is a big sticking point for many, as they go about putting their estate plan in place. It’s often easier to determine what sort of trust will be needed and who the beneficiaries are. When it comes to selecting a trustee, it gets sticky. The skills of the trustee can make the difference between an estate plan that works, and one that becomes embroiled in problems that can take years to resolve. In a recent post, “How to Find the Right Estate Trustee,” The Motley Fool takes a closer look at the factors to consider when naming a trustee.