presentation at Channing House

In February I was asked to give a presentation at Channing House about “Selecting a Trustee.” A Trustee is the person you chose to administer your trust upon your inability to no longer deal with your finances. This is usually a result of your incapacity or death. Finding the “perfect” Trustee is a daunting task but if I was forced to choose the essential characteristic of a “perfect” Trustee I would choose detail-oriented. Being a Trustee requires superior organizational skills and attention to detail. It is challenging to handle your own finances, but to handle the finances of someone who is either incapacitated or dead is even more difficult. The Trustee must sort through all of your personal affairs to pay your bills, your last expenses and your taxes. Then the Trustee must administer your trust and deal with family issues and needs. A Trustee must navigate through some tough terrain. In selecting your Trustee, we urge you to carefully consider the proposed Trustee’s attention to detail. If you wish to discuss your current successor trustees or your other estate planning needs, please contact the law firm.