How to Choose the Right Trustee for Your Estate

September 19, 2019

When building one’s financial and estate plan, there are many instances where the creation of a trust or trusts is desirable. Trusts can be useful to manage and protect assets, ensure assets are distributed according to one’s wishes, avoid the complications and expense of the probate process, as well as protect the confidentiality of an estate.

The following chart from Fidelity Investments discusses the pros and cons of both individual and corporate trustees as well as when a combination of the two may be the preferred solution.

Dean Investment Associates, LLC (“DIA”) and Dean Financial Services, LLC (“DFS”) are each a registered investment advisor with the SEC and wholly owned subsidiaries of C.H. Dean, LLC. Dean Capital Management, also an investment advisor registered with the SEC, serves as the sub-advisor for DIA. Dean Capital Management is an affiliate of C.H. Dean, LLC. Readers should note that Dean does not provide legal advice and a trust does not guarantee a profit nor eliminate the risk of loss.