Depending on the type of trust you are creating, the trustee will be in charge of overseeing your assets and the assets of your loved ones. Most people choose either a friend or family member, a professional trustee such as a lawyer or an accountant, or a trust company or corporate trustee for this key role.

Can anyone be a trustee?

Who can be a trustee? As a general rule, anyone over the age of 18 can be a trustee. But you will want to be very careful about who you give the power and responsibility of trusteeship to. Many people appoint a trusted family member or friend for trusts that take effect after their death.

Can a family member be a trustee?

While in some situations it is appropriate for a sibling or other family member to serve as trustee, in many cases, particularly with a larger trust, naming a family member is not the best decision, for several reasons. … A good trustee needs to actively supervise all trust activity, and it can be a time consuming job.