Most people spend months deciding how their beneficiaries should inherit their assets, and yet only minutes deciding who will coordinate their estate plan.
This decision will have a lasting impact on your family.
A trustee is responsible for carrying out your wishes and ensuring your trust is administered properly.
Today, you will learn what makes a great trustee. We will also discuss options that may help protect your wishes if the person you initially choose is no longer the best person for the role.
The Millionaire Insider® Podcast: “Choosing the Right Trustee”
In this episode, you will learn:
>> (3:57) The characteristics that can make or break a trustee
>> (6:48) The biggest trustee-selection mistakes I’ve seen families make
>> (9:04) Key questions to ask before naming your trustee
>> (14:44) Individual vs. corporate trustees: which may be right for you?
>> (16:58) Co-trustees: added protection or a recipe for conflict?
>> (18:01) How to add additional safeguards to ensure your wishes come to fruition
>> (18:34)The questions that can help you choose the best trustee for your family
Conclusion – “Choosing the Right Trustee”
Choosing the right trustee may be one of the most important and overlooked—decisions in your estate plan. The right person can help carry out your wishes and protect the legacy you have spent a lifetime building.
Take the time to review your choice today, because the person who looks right may not always be the person best equipped to serve when your wishes.
Enjoy the episode!
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Disclosure
The Millionaire Insider® copyrights all materials and intellectual property.
This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To creating a financially secure life you love,
Annette
