Charles Redd, on WealthManagement.com, reports that among the aspects of designing an estate plan that deserve the most attention, although often relegated to an afterthought, is carefully identifying who would be most qualified and effective in the roles of trustee and successor trustees.

Mr. Redd notes that lawyers can prepare estate-planning documents of superb technical quality, but, if the fiduciaries entrusted to implement the directives in those documents are inappropriate, the client’s estate-planning goals will likely fail to be achieved, and they could even blow up entirely.

via The Most Disrespected Decision in Estate Planning | Estate Planning content from WealthManagement.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.