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What are the qualifications for a trustee?

There are very few qualifications required to serve as a trustee. A grantor can appoint someone as a trustee as long as the individual is at least 18 years old and is not likely to become bankrupt or mentally incompetent. Grantors can also be the trustee themselves, as long as the trust is a revocable living trust.

How do you write a letter to a trustee?

Here are some things to consider when drafting a letter to your executor or trustee. Your thoughts about wealth. Describe key players in the family. What matters to you? Give your trustee the power to make decisions, even when that means saying no.

How do you make someone a trustee?

A trustee is appointed by the grantor in the trust document and is legally bound to manage the trust in ance with the terms of the trust and always act in the best interests of the grantor and beneficiaries.

What is the process of appointing a trustee?

-- In appointing new trustees, the Court shall have regard (a) to the wishes of the author of the trust as expressed in or to be inferred from the instrument of trust; (b) to the wishes of the person, if any, empowered to appoint new trustees; (c) to the question whether the appointment will promote or impede the