Trustee
Learn about trustee roles, responsibilities, and selection criteria for estate planning. Understand how trustees manage assets and execute trust terms effect...
Can a family member serve as a trustee?
Yes, family members can serve as trustees and are commonly chosen for this role. However, trustees have significant legal responsibilities including asset management, record keeping, and following trust terms precisely. Consider whether the family member has the time, skills, and ability to handle these duties objectively.
