Who can be a trustee of a trust?

In Florida, a trustee of a trust is the individual or entity responsible for managing the trust. The trustor, or individual who set up the trust, is able to select who is to serve as the trustee. The common choices for a trustee are a family member, friend, professional trustee, or a combination of them all. A family member can be a trustee if they are of legal age and are legally allowed to manage the trust. A family member is usually a spouse, child, grandchild, parent, or another relative. However, the trustor may choose any individual regardless of relationship as long as they are legally allowed to manage a trust. A friend may also be chosen as a trustee of a trust. Similarly to a family member, the friend must be legally allowed to manage the trust and is of legal age. A professional trustee is a more common choice as they are experienced and knowledgeable in the management of trusts. Professional trustees are usually banks, trust companies, and law firms. Lastly, a combination of family members, friends, and/or professional trustee can be named as the trustee of the trust. Although this might seem like a good idea, it may be more difficult to manage the trust since there is more than one individual or entity with the responsibility. In conclusion, a trustor in Florida is able to select who is to serve as the trustee. It is usually a family member, friend, professional trustee, or a combination of them all.

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