August 18, 2016 Posted In Probate, Estate, & Trust Administration,Trust Administration,Trusts
by Colorado Estate Matters
Helpful tips for choosing the right person to serve as a trustee
The answer to this question is important to consider, as your choice in trustees can have significant impacts in the future. For instance, while a good trustee can ensure that assets are distributed according to your wishes (i.e., the terms of the trust), an unethical or untrustworthy trustee may compromise the interests of your beneficiaries. They also may misuse the assets held by the trust or may make costly mistakes that end up having long-term impacts.
To help you narrow down your choices in trustees, the following are some of the top qualities to look for when selecting someone to fulfill this role:
For experienced help devising, revising or administering an estate plan, you can turn to the estate planning lawyer in Denver at Colorado Estate Matters, Ltd. We provide a thoughtful, comprehensive approach to our clients’ estate planning, elder law and other legal needs, and we take pride in helping each of our clients and their families find the best solutions for them.
We can discuss your estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.
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