Trustee Selection – A Review of Technical and Practical Considerations

The Broward County Bar Association's Wills Trusts and Estates Section Present

Trustee Selection – A Review of Technical and Practical Considerations

Speaker: Steven J. Schermer, Esq.

The presentation will broadly cover the topic of selecting trustees for long term trust administration, with emphasis on:

• technical and practical qualifications for trustees.


• pros and cons of naming friends, family members, individual professionals and institutions to serve as trustees.


• structuring trusts and trustee roles to limit conflicts. 


• giving trustees authority to effectively administer unique assets (e.g., operating businesses, valuable collections and illiquid assets).


• the role of trust protectors and advisors.


• trustee removal and replacement rights and avoiding adverse tax consequences.

1 General CLE Credit (Approved)