Time and time again, individuals call one kid as a Trustee. That is a great method to make sure that your other kids and heirs will challenge the administration of the Trust.
Sadly, he named his son, Lee Kun-hee, Trustee of his Trust. According to reports, Kun-hee was supposed to distribute the Samsung stock in the Trust to the recipients, including his sibling and sibling.
However, his brother or sisters declare that he moved the stock into his own name. They claim he illegally moved $877 million worth of stock.
If you have that much cash, there is no reason not to employ a professional Trust Administrator. You do not even need anywhere near that much cash to hire an expert. Among the essential goals of any estate plan must be to lessen the likelihood of household dispute over the estate. When you call a relative as a Trustee, you do the specific opposite.
Talk to your estate planning attorney about employing an expert Trust Administrator to be the Trustee for your Trust.