Primary Factor: Complete Trust
Choose someone in whom you have complete trust, faith, and confidence. While this may seem obvious, many people don't follow this crucial guideline.
Additional Important Qualities
- Organized and diligent: Someone responsible who will make the right decisions
- Financial background helpful but not required: If your chosen trustee lacks financial expertise, ensure they're responsible enough to work with competent advisors (attorney, CPA, financial advisor)
Professional Trustee Option
If you can't find anyone who fits these criteria, a professional trustee may be an excellent choice. While they charge for services, they're typically well worth the investment.
Learn more about living trust considerations and trustee selection.
