Practice Areas
Selecting a TrusteeLos Angeles Trusts LawyerThe process of selecting a trustee to manage your trust is an important one. At Wellington Y. Kwan, Inc., our attorneys can help you make a selection that will limit the arguments and problems that sometimes arise in trust administration. Our practice focuses on accomplishing a rapid and efficient distribution of assets when people pass away. In a stressful and emotional time, small disagreements can quickly balloon into legal battles that cost more money and time than is reasonable. Avoiding these battles is part of why wills, trusts, and other estate planning devices need to be carefully constructed. When creating a trust and a trustee agreement, it is important to consider what you are trying to accomplish with the trust. Certain types of trusts must have specific beneficiaries to work properly. It may be helpful to have a trust company, or some other experienced trust participant, to act as trustee because they understand the different types of trusts and can help you avoid potential pitfalls. Another concern is that a trustee may behave improperly if they are also a beneficiary. Conflicts of interest can lead to serious problems. Our attorneys can help you select an appropriate trustee for whatever type of trust you choose to create and can craft a trustee agreement that will meet your goals. If you need help creating a trust and selecting an appropriate trustee, please contact us today to schedule your free initial consultation. |
