When you create any trust, in particular a trust designed to last decades into the future, finding the right trustee is of paramount importance to the trust’s longevity and ultimate success. At first blush, one may believe that a family member, a sibling, “Uncle Bill” to your children (who are the initial beneficiaries to your long term trust) will be an excellent choice as trustee. The trusted family friend has always understood the personalities and workings and varying needs of your children, loved ones and beneficiaries. This family member or this friend has always been an excellent money manager, he has been frugal and he will not spend a lot of money
