Executors/Trustees

You must exercise care in selecting executors and trustees. Neither the executor or trustee needs any particular financial skills. Needless to say, such skills are helpful but the key requirement if trustworthiness. Selecting adult children to be executors is an accepted practice and adult children and other family members are certainly qualified to serve as trustees. It is often a good idea to select a corporate fiduciary, such as a bank or trust company, to serve as either co-executor or co-trustee with an adult who has personal knowledge of the family situation. We have worked with several corporate fiduciaries in the area and can make a recommendation to you. A corporate fiduciary brings professionalism and continuity to the administration of the estate or trust. Both executors and trustees are entitled to fees pursuant to state law.