Elville and Associates’ Managing Principal and Lead Attorney Stephen Elville offers this webinar discussion about the very important topic of how to select a Trustee. Choosing a Trustee is one of the most intensive pieces of the estate planning process, and a choice not to be taken lightly. Ensure you’re educated about all the factors that go into making this important decision.
Points of emphasis include:
— What is a Trustee and what are their responsibilities?
— Types of Trustees and their characteristics – advantages and disadvantages
— The perfect Trustee – setting the benchmark for selection
— Trustee selection – why is it so important?
— Trustee succession and plan design – why so difficult, why so crucial?
— Trustee roles in Wills and Trusts
— What are some reasons to consider appointing a Corporate Trustee?
— Why should you be concerned about “Successor Trustee risk”?