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

When creating a Special Needs Trust in Rhode Island, it is important to name the right person or organization to be the trustee of the trust. The trustee is responsible for managing and administering the trust funds for the benefit of the trust beneficiary. The trustee should be someone who is trustworthy, experienced in special needs trusts, and familiar with the disability planning laws in Rhode Island. Financial institutions, such as a bank or trust company, are generally experienced with trust administration and may be a good choice for a trustee. Most banks offer trust services and will have staff experienced in this area. If you choose to name an individual to be the trustee, you should ensure that this person is knowledgeable about the trust and its beneficiary. It is also important to name a successor trustee in the document who can take over as trustee in the event of the current trustee’s death or inability to serve. The person chosen to be the trustee of your Special Needs Trust is an important decision and one that should be made carefully. It is important to seek legal advice prior to making this decision. A qualified attorney who is experienced in disability planning law in Rhode Island can help you make the right decision.

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

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