When you set up a trust but don’t have a friend or family member you trust to manage it, what’s your next move? In this episode, we answer a question on a sensitive and critical decision in estate planning: how to choose the right corporate trustee? Should you go with a big national firm or a smaller local institution? Does it matter if you already have a relationship with the bank or company?
We’ll break down the pros and cons of both options, explaining how to choose based on what’s best for your family, not just what’s convenient for you. Find out why trust companies matter more after you’re gone, what makes for a smooth transition, and why the decision should reflect your family’s future needs, not just current connections.
Here’s some of what we discuss in this episode:
🔍 What to consider before choosing your trustee
🧑⚖️ Pros & cons of large vs. local trust companies
🗺️ Why your family’s location matters more than you think
🗂️ How existing relationships can streamline the process
0:00 – Today’s question
0:25 – What is a corporate trustee?
2:03 – How do you choose a trustee?
5:52 – Do I need a trustee before I meet with an attorney?
Resources:
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