Selecting Personal Representatives and Trustees

Selecting qualified and trustworthy persons to manage your estate following your death can be difficult.

Factors to consider include:

• Cost

• Security

• Permanence

• Investment experience and policy

• Conflicts of interest

Some financial institutions will manage trust assets, usually for a higher cost than an individual.

Most people will appoint alternates. Some states will not allow non-residents to serve as personal representative.

Most states have statutes that provide specific powers to personal representatives, subject to restrictions in the will.