Naming a trustee – It’s one of the most important decisions of your life
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Description
Abstract: One of the major decisions that need to be made when establishing a trust is who will act as trustee. This article talks about the responsibilities of the position as well as the qualities (such as prudence, impartiality and tax knowledge) that make a good trustee. It mentions that many people name a financial institution or professional advisor, rather than a friend or family member.
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