Who should I name as the trustee of my Special Needs Trust?

When creating a Special Needs Trust in Pennsylvania, it is important to choose a trustee who will be responsible for managing the trust. The trustee should be someone you trust, and who understands all the legal and financial aspects of handling a trust. When selecting a trustee, you should pick someone who is organized, knowledgeable about money, and has experience in trusts. You may want to consider a financial professional such as a CPA, attorney, or banker. It is also important to make sure the trustee is not the beneficiary of the trust. You should also check with the relevant laws and regulations in Pennsylvania to make sure your potential trustee meets all regulatory requirements for trustees in the state. In addition, you should ensure that the trustee has a clear understanding of all the duties and responsibilities associated with managing the trust. This includes making prudent investments, filing the necessary paperwork, and keeping accurate records. Finally, it is important to choose someone who is willing to serve as the trustee for the duration of the trust. If necessary, you may want to consider hiring a professional trustee who specializes in managing Special Needs Trusts. No matter who you choose, it is important to formally name the trustee in writing. This will ensure that the trustee has clear authority to make financial and legal decisions on behalf of the trust.

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