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Choosing a Trustee

When the time comes to form a trust, there are no hard-and-fast rules about the trust's beneficiaries, size, goals or duration. But a recent survey did find one common thread: The more money people have, the more likely they are to choose a corporate rather than individual trustee. In the third quarter of 2003, a telephone survey conducted by Prince & Associates, a private consulting firm, posed 34

When the time comes to form a trust, there are no hard-and-fast rules about the trust's beneficiaries, size, goals or duration. But a recent survey did find one common thread: The more money people have, the more likely they are to choose a corporate rather than individual trustee.

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