|
|
 |
 |
Choosing Your Trustee
A trustee oversees the assets you place in a trust and administers the trust for the beneficiaries. While you can serve as your own trustee, you may prefer to name a family member or close friend as your trustee. You can also choose a professional trustee, such as a bank or trust company. Many people name a professional as a co-trustee along with a family member or close friend. You will want to decide which traits are important to you.
| Which Trustee Is Right for You?
|
||
|---|---|---|
| Corporate Trustee
|
Personal Trustee
|
|
| Expert financial management | ● | |
| Personal attention | ● | |
| Experience | ● | |
| Lower costs | ● | |
| Continuity in management | ● | |
| Quickness in taking action | ● | |
| Flexibility with beneficiaries | ● | |
| Neutrality | ● | |
Contact Us
If you are considering making Claremont Graduate University the primary or contingent beneficiary of a trust, please contact Mike Avila at 909-607-9224 or plannedgiving@cgu.edu for assistance. We would be happy to help or provide you with more information.
Your Next Steps
Getting Started | Pros and Cons of Living Trusts | Living Trusts Q&A | Assessing Your Needs | Case Study | Choosing Your Trustee | Do You Still Need a Will? | Action Items
Getting Started | Pros and Cons of Living Trusts | Living Trusts Q&A | Assessing Your Needs | Case Study | Choosing Your Trustee | Do You Still Need a Will? | Action Items
Copyright © The Stelter Company, All rights reserved.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
