This week we've invited Gerardo Rodriguez, VP and Investment Officer at Coral Gables Trust Company to challenge us with the question: Do you know your Trustee well? What to think about when selecting a Trustee? Estate Planning can be a daunting task. You have to find an attorney that can help you organize yourself and your assets that will create your Estate when you pass and leave your bequest to your heirs. You have to draft a will, select a Health Care Surrogate, and create a Trust to place your assets in to avoid Probate. One of the biggest questions is who would you select as the Trustee of your Trust. A Trustee is, according to Merriam-Webster Dictionary, simply a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization), or one (such as...
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