While many individuals don’t need a professional trustee, some do. For those involved in creating or updating trusts, it’s worth considering whether a particular situation merits a different trustee decision, rather than just selecting a friend or family member.
Common scenarios that call for a professional trustee include:
Issues with an
existing trustee
Family members living
out of state
No appointed
successor trustee
The unique needs of a
blended family
Family members with
special needs
Concerns about
incapacity
Family member with issues regarding
substance abuse
Recently managed their parents’ estates and now want to
protect their children
from ever having to do the same
Looking for an
objective outsider
vs. family members/beneficiaries
Would you like more information?
CU Trust is here to help individuals and families make more informed decisions on the best trustee for their situation. Reach out to learn more about our trustee services today.