Selecting a Trustee that you can trust to properly administer your trust upon your incapacity or death is one of the most important decisions you will make relating to your estate plan.
What to consider when naming a trustee?
Choosing the right trustee to administer your trust and estate is an important and sometimes difficult decision. A trustee could be family, a close friend, or a professional trustee. We recommend that you consider the following factors in selecting the right trustee:
- Experience: Your trustee should have knowledge of your estate plan, experience in financial management and in administration of complex matters.
- Stability: Your trustee should have the time and ability to administer all aspects of your trust for the entire duration of the trust. Continuity and consistency is critically important now and for generations to come.
- Neutral and professional: A common misconception is that a family member or close friend is the best choice to serve as trustee. A trustee must be a neutral, decision-maker that is willing to make tough decisions regarding trust distributions. Family unity could be jeopardized by a family member serving in that capacity.
Anderson, Dorn & Rader has the experience to serve as your independent, professional trustee in both simple and complex trusts and estates.
What are the benefits of appointing AD&R as trustee?
At Anderson, Dorn & Rader, Ltd., we have over 20 years of experience administering modest and sophisticated trusts and estates. More importantly, who better knows your wishes, desires and concerns than the law firm who worked with you to establish your estate plan?
With AD&R as your trustee, you do not need to search for all the pieces to the estate planning puzzle. We provide our clients with professional, comprehensive trustee services all under one roof. As opposed to a large corporate Trustee who uses a Trust committee to make decisions, we have the capacity to work personally and individually with your family members to smoothly implement and monitor all aspects of your trust.