Taxation & Estate Planning

Corporate vs. Individual Trustees

By Charles Rubin

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.

Full post as published by Rubin on Tax on June 13, 2008 (boomark / email).