Trustee Skills part 2 of 2

Here is the continuation of trustee skills. If you haven’t seen the first part, check it out here.

Here is the list of skills from this videos:

  • Reads books on trust
  • Good credit rating
  • no political affiliations

Trustee with experience requirements

  • Familiar with investment opportunities
  • 35 years or older
  • 3 years trust experience
  • Familiar with trust legal cases
  • Familiar financial institutions
  • Handling beneficiaries
  • Understands K-1s and 1040s
  • The secret skill 😉

While this is not a list of all the skills one should have to run a trust smoothly, these will get the job done and hopefully keep your or the trust you’re running out of harms way. If your trustee is a life long learner, then they will stay abreast of anything that would effect the trust.

With this understanding, how does this affect your thoughts about having and/or running a trust? Leave your comments below.

1st trustee

 

Tags:

Get Your E.T. Starter Kit

Time to gain control and get your life in order. Sign up and download the kit to get started on your new journey!

No comments yet.

Leave a Reply