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

When you are creating a Special Needs Trust in the state of Virginia, it is important to designate someone as the trustee, who will manage the trust assets and ensure that the trust funds are used solely for the benefit of the trust beneficiary. When choosing a trustee for your Special Needs Trust, it is important to select someone who you trust to act in the best interest of the trust beneficiary without fail. The trustee also needs to be specially qualified and experienced in financial management, trust management, and understanding disability planning law. If hiring an attorney to be the trustee, the attorney must have a working knowledge of trust and estate planning, disability laws, and the laws which govern trusts in the state of Virginia. It is also important that the attorney have experience working with Special Needs Trusts in Virginia. If you do not feel comfortable hiring a stranger to manage your trust, you can choose a relative, or a close friend or family member to be the trustee. However, it is important that the individual you choose has the experience and skills necessary to successfully manage the trust. The most important thing when selecting a trustee is to make sure that you choose someone you trust to handle your trust responsibly and appropriately in accordance with the trust agreement and Virginia disability planning law.

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