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



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