Close X

Q: Should the person I pick as trustee of my living trust have a background in law or finance?

Posted by Jason Johnson | Sep 13, 2022

A:

The person you choose to serve as trustee for your trust does NOT have to have a background or experience in law, finance, taxes, or any other field related to trust administration. In fact, trustees are not only allowed to seek outside support from professionals in these areas, but they're highly encouraged to do so, and your estate will pay for such professional support.

While serving as a trustee can be a serious responsibility, the individual you select won't have to handle the job alone. Plus, your trustee can also be paid for their service, though close family members often choose to forgo any payment beyond what's required to cover the trust expenses. 

Furthermore, as your Personal Family Lawyer®, we will be available to guide your chosen trustee step-by-step throughout the entire process, ensuring he or she is able to properly fulfill all of your wishes as spelled out in the trust, without exposing the beneficiaries—or themselves—to any unnecessary risks.

We are here to help you create an estate plan you understand, trust and that protects you and those you love. If you have questions, need a will or estate plan review or would like to start getting your estate plan in place, call us at 410-570-1671.

About the Author

Jason Johnson

Principal Attorney Jason C. Johnson received his Juris Doctor, with honors, from the University of Maryland School of Law and was admitted to practice law in Maryland in 2005. Jason started the practice in Annapolis after many years of law enforcement service. He was motivated to limit the pract...

Johnson Law LLC Is Here for You

At Johnson Law LLC, we focus on Estate Planning, Elder Law, Business Succession Planning, and Probate and we are here to listen to you and help you navigate the legal system.

Contact Us Today

Johnson Law LLC is committed to answering your questions about Estate Planning, Elder Law, Business Succession Planning, and Probate law issues in Annapolis, MD.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.