The question that we are most often asked is: Can My Attorney Be My Trustee?
The answer, simply enough, is this: Yes, your attorney can be your trustee.
The follow up question, that we highly recommend you ask, is this: Is it a good idea for my attorney to be my trustee?
This is where the answer becomes a little more complex. Technically, anyone can be your trustee. But it’s not always a good idea to appoint just anyone to look after your trust.
When it comes to appointing your estate attorney or business attorney as you trustee, it is important to consider two important points. Does appointing your attorney as your trustee qualify as a conflict of interest? and Is there a preconceived bias among your attorney and your family members? If your attorney has established relationships (professional or social) with any members of your family, these relationships may interfere with the administration of your trust.
The importance of appointing an unbiased trustee cannot be understated. Any preconceived notion or bias has the potential to interfere with the proper execution of your intentions regarding your trust. The trust you created is a legal entity and it is critical that you are 100% confident that your trustee will be able to carry out your wishes.
That brings us to the final consideration when selecting a trustee: What is the fiduciary experience of your appointed trustee?
This is the characteristic that truly separates The Trustee Group from the competition. This is where the professional trustees of The Trustee Group can provide you with the most benefit. We’ve been managing trusts for our clients for over twenty years. We have the fiduciary experience you need. We will make sure your wishes are executed in the manner you intend and the manner stated in the body of your trust documents.
When choosing a trustee, it’s crucial that you select an experienced trustee who knows how to solve any issues or conflicts that may arise among family members or beneficiaries of the trusts.
The Trustee Group is unbiased and equitable in our trust administration. We ensure that your trust is executed per your trust documents in order to protect your legacy as you intend. Our skilled trustees are able to address any infighting that may occur among the heirs of an estate by maintaining our neutrality and relying on our experiences of many years of trust work.
The Trustee Group has managed millions of dollars in real estate for our clients. We have operated hundreds of businesses. We have a full office staff including accountant and lawyers.
The professionals trustees at The Trustee Group have decades of experience as fiduciary agents and have a proven track record of executing the wishes of the creators of the trusts we manage.
For more information contact The Trustee Group or call: 310.552.5315