Todd Whatley deepens his exploration of trust issues with an essential, often overlooked aspect of trust creation: trustee selection. He explains why choosing the right trustee is crucial and provides practical guidance on qualities to look for, common mistakes to avoid, and when to consider professional trustees.

• Trustees have significant responsibilities including asset management, compliance with trust terms, fair distribution, and handling administrative tasks
• Good trustees need financial acumen, organizational skills, integrity, trustworthiness, and strong communication abilities
• Commercial trustees are often worth considering as they're trained, licensed, bonded, and can handle the full-time job requirements
• Common mistakes include choosing family members without proper qualifications and selecting unavailable or disinterested trustees
• Co-trustees offer benefits like shared responsibility but can create conflicts and slower decision-making processes
• Special situations like special needs trusts, charitable trusts, and Medicaid planning require specialized trustee knowledge
• Education is key—attorneys should spend time explaining trustee responsibilities and options to differentiate themselves from non-attorney trust providers

Schedule a call at theelderlawcoach.com to explore how coaching can help grow your elder law practice. Todd promises honest assessment of readiness and fit for his program.

Information to help you answer all of your questions about aging.