In this episode of 'Trust Us,' Danielle Friedman, Max McCauley, and Herb Fineburg discuss the critical aspects of selecting a trustee. They cover common client questions, including who should be named as a trustee, the benefits and drawbacks of having a corporate versus an individual trustee, and the specific limitations and responsibilities of beneficiary trustees. The discussion also delves into scenarios where independent trustees may be beneficial, trustee compensation, and the process for naming successor trustees. The episode aims to provide a comprehensive overview to help clients make informed decisions in their estate planning.

00:00 Introduction and Welcome
 00:51 Key Considerations in Choosing a Trustee
 02:32 Beneficiary as Trustee: Pros and Cons
 04:39 Independent Trustees and Their Benefits
 09:30 Trustee Selection: Family Members vs. Professionals
 17:41 Trustee Compensation and Responsibilities
 22:30 Conclusion and Final Thoughts

If you are interested in learning more or have any questions, please feel free to contact Danielle at [email protected], Herb at [email protected], and Max at [email protected].