Choosing a Trustee

One of the most important decisions in your estate plan is choosing a trustee. Held to a very high standard of care, your trustee is expected to understand the trust’s terms and the laws of fiduciary duty, and pay more attention to a trust’s investments and management than he or she would her own personal assets. In this episode of Choate’s Family Office Podcast Series, Wealth Management Group co-chair Kristin Abati is joined by partner Renat Lumpau to discuss the structure of a trust, the different types of trustees that exist, and how to effectively choose your own trustee.