JOURNAL ARTICLE

WHAT TO KNOW ABOUT CHOOSING A TRUSTEE.

  • Published In: Kiplinger Personal Finance, 2025, v. 79, n. 10. P. 65 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: VINCENT, ELLA 3 of 3

Abstract

The article focuses on the importance of selecting a trustee for a trust, which is a legal arrangement that allows individuals to manage and bequeath assets to beneficiaries while potentially avoiding probate. It outlines the roles of the grantor, trustee, and successor trustee, emphasizing the need for the trustee to act in the best interests of the grantor and beneficiaries. The article discusses the pros and cons of choosing an individual trustee, such as a family member or friend, versus a corporate trustee, like a bank or trust company, highlighting the balance between personal knowledge and impartiality. It also suggests the option of appointing both an individual and a corporate trustee to leverage their respective strengths. [Extracted from the article]

Additional Information

  • Source:Kiplinger Personal Finance. 2025/10, Vol. 79, Issue 10, p65
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:1528-9729
  • Accession Number:187493182
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