Friday, June 13, 2008

CORPORATE VS. INDIVIDUAL TRUSTEES

One of the key decisions to be made when preparing a trust is who should serve as trustee. The first part of that decision is whether the trustee should be an individual or a corporation (that is, a bank or trust company).

There are distinct advantages and disadvantages to using both individuals and entities. A summary of the principal pros and cons is available here, with a permanent link to that summary in the bar to the right, or click on "docstoc" below on the image of the summary.



Choosing Whether to Use a Corporate or Individual Trustee - Get more Legal Forms
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