Choosing a Successor Trustee:
Why Your First Thought May Not Be Your Best Option
What will happen to your estate once you are gone? This is a daunting question. Much depends on the estate planning you do today. This includes the people you choose to run your estate when you’re not around.
One of the most important decisions you will make regarding your personal estate plan is choosing your successor trustee. There are many considerations to make before designating a person for this critical role. A common misconception is that family members are your only option. They’re not. Often, they’re not your best option, either.