Posted by RS (So. CA) on February 11, 2002 at 16:46:56:
Any person of legal age, including yourself, may be a trustee. Corporations acting as trustee requires special filing as a matter of law.
Having said this, I would be very careful in choosing a trustee and I definitely would not choose someone with a criminal record no matter what the offense or personal relationship might be.
Good luck!
RS
Can anyone be a trustee? - Posted by DN in SF
Posted by DN in SF on February 10, 2002 at 23:04:12:
So can anyone be a trustee or are there qualifications you have to meet beforehand? I’m sure it has to be someone 18 or over, but is there anything else?
Re: Can anyone be a trustee? - Posted by Faith
Posted by Faith on February 11, 2002 at 13:39:52:
I’m pretty sure anyone can be a trustee. The person must be independent. Must not engage in any self-dealing or do anything that would endanger the trust property. There are certain criteria that the trustee must follow, in terms of how they handle the trust property, but I need to look at my books to give you a more in depth answer. Feel free to email me if you have further questions.