Choosing a Trustee Who Will Carry Out Your Wishes
Choosing a trustee to manage your trustee is a very important decision. The very fact that the word “trust” is a part of the title given to this person implies that your trustee should be someone that you trust completely. The reason you must trust this person is, depending on the type of trust you establish, that your trustee can perform financial duties on your behalf that could have a huge impact on your financial well-being. For example, you may give your trustee the power to buy and sell property, collect income on your behalf, pay bills, file and pay taxes, make investments and provide for the financial support of your family.
Of course, a trustee is required to maintain and keep accurate books and records; however, in cases of abuse, these records are often forged to hide the abuse. Therefore, your trustee is someone that you trust completely to manage your finances for you and for your family.