Estate planning 101 — Choosing a trustee for your living trust
Abstract: Transferring assets to a living trust can help ensure an estate will avoid the time-consuming, potentially expensive and public process of probate. One can serve as the trust’s trustee during life, but must choose a trustee to oversee and administer the trust after death. This article describes the duties of a trustee and the two types of trustee to choose from. It also notes the importance of providing guidance from the start.