Summary
This checklist provides guidance on selecting a trustee, whether an individual or a corporate entity. It outlines key questions to consider when evaluating an individual trustee, including their experience with managing trusts, mental and physical capabilities, trustworthiness, and willingness to commit time to the role. The document emphasizes the importance of choosing someone who can effectively manage the responsibilities associated with administering a trust. Additionally, when considering a corporate trustee, it suggests assessing the trustee's ability to understand unique needs, their experience with similar situations, their capacity to manage family emotions impartially, and their understanding of the trust's vision. The checklist aims to help individuals make informed decisions regarding the selection of a trustee to ensure the effective management of their financial legacy.
