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PLANNED ESTATE GIVING+Bill Doyle and Joneal Joplin in Mister Roberts (2004).
Photo by Sandy Underwood.
Choosing Your Trustee
A trustee oversees the assets you place in a trust and administers the trust for the beneficiaries. Your trustee will:
- Make trust payments to you
- Invest the assets prudently
- Complete the necessary tax returns
- Notify you how much of your payments are taxable.
The most important qualities of a trustee are integrity and judgment.
You may decide to serve as your own trustee or name a professional advisor as your trustee. You can also choose a professional trustee, such as a bank or trust company. Many people name a professional as a co-trustee along with a family member. You will want to decide which traits are important to you.
Which Trustee Is Right for You?Corporate TrusteePersonal Trustee
Expert professional management of trust assets ● More personal attention ● Experience ● Lower costs ● Continuity in management ● Quickness in taking action ●
If you are considering supporting Cincinnati Playhouse in the Park through a charitable remainder trust, please contact Patty Rosely at 513-977-2023 or email@example.com for assistance. We would be happy to help or provide you with more information.
Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | What If You Don't Need the Payments Right Away? | 3 Ways to Fund Your Charitable Trust | Choosing Your Trustee | How to Complete Your Gift | Action Items
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.