Choosing Your Trustee
A trustee oversees the assets you place in a trust and administers the trust for the beneficiaries. While you can serve as your own trustee, you may prefer to name a family member or close friend 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 or close friend. You will want to decide which traits are important to you.
Which Trustee Is Right for You?
|Expert financial management||●|
|Continuity in management||●|
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|Flexibility with beneficiaries||●|
If you are considering making Albany Medical Center Foundation the primary or contingent beneficiary of a trust, please contact Laura O’Brien at 518-262-6835 or firstname.lastname@example.org for assistance. We would be happy to help or provide you with more information.
Getting Started | Pros and Cons of Living Trusts | Living Trusts Q&A | Assessing Your Needs | Case Study | Choosing Your Trustee | Do You Still Need a Will? | 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.