Thought of the day 584

September 18, 2015

Your trustee should be well-versed in investments, have accounting and tax knowledge, understand their legal and fiduciary responsibilities, have adequate time to devote to their duties as trustee, be someone of impeccable character, be committed to carrying out your intentions as set forth in the trust, and more.  If your trustee fails in one or more of these areas, it is time to consider appointing a new trustee altogether, or appointing an experienced co-trustee to serve with the trustee.