Selecting a Trustee Choosing who will serve as trustee of your personal trust is an important decision that deserves careful consideration. The trustee you select must have the skill, perspective and judgment, as well as the time, to adequately perform a wide range of duties. Since the trustee is responsible for carrying out the terms of your trust, you should have implicit faith in whomever you choose. You can appoint an individual or institution to serve as trustee.
Some people choose a family member or friend.
While this may be appropriate for certain simple trust arrangements, it is not always the best choice. Not every individual can fulfill the duties and responsibilities of a trustee. They may not be experienced enough or the time to perform these duties effectively. If they are personally involved in the trust as a beneficiary, their objectivity may be compromised. A professional trustee can offer continuity, permanence, professionalism and investment expertise.