Factors to consider in choosing a good estate trustee.

In choosing an estate trustee, a testator should consider the following factors:

• The age and health of the prospective estate trustee
• Competence of the Trustee
• Experience.
• Availability and willingness to serve.
• Proximity to the beneficiary -where the prospective estate trustee lives
• Ability to serve without conflict of interest.
•  The honesty, capability and responsibility of the prospective estate trustee
• The familiarity of the prospective estate trustee with the testator’s asset and family situation.
• Ability of the trustee to act in the best interest of the beneficiaries
• Understanding of the testators’ objectives and the knowledge of the beneficiaries’ needs and circumstances.
• Knowledge of the subject matter of the trust and the size of the estate.

Please call us on 0207 183 0084 or email us on property@olaleslie.com  if you need advise  and to ask us about any reservations or queries that you may have; we are always happy to assist.