Andrew Dósa Explains How to Choose the Right Trustee Wisely
Choosing a trustee, estate planning attorney Andrew Dósa says the options usually run from a spouse to responsible adult children, siblings, or a trusted friend or professional such as an accountant. The single test is judgment: pick someone wise and responsible who manages money well and has the integrity to follow through—ideally someone with a personal stake.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
Frequently Asked Questions
Who can serve as a trustee?
The options usually run from a spouse to responsible adult children, siblings, or a trusted friend or professional such as an accountant.
Why do you name trustees in order?
You rank successor trustees so that if the first can't serve, the next in line steps in, keeping the plan intact.
What's the key test for choosing a trustee?
Judgment—pick someone wise and responsible who manages money well and has the integrity to follow through, ideally someone with a personal stake.
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