A trustee is an important and potentially long-term role. The trustee is responsible for ensuring the terms of your trust are followed according to the wishes of the settlor (the person who established the trust).
For example, if the trust is to provide a payment of principal and income to the settlor’s children upon their 18th, 25th, and 30th birthdays, and the settlor passes away when the child is 15 years old, then trustee’s role will span 15 years.
The role of trustee is exceptionally important because you may be asking the trustee to exercise sound judgment under unknown circumstances. The trustee should be someone you trust to make the right decisions and keep your affairs in order after you’ve passed.
A trust is a necessary part of your estate plan and is vitally important to have in place. Call The Law Offices of Brian D. Russ today to set up your trust: (888) 632-6623.