

Choosing a trust manager
Any responsible adult knows the value of setting up a trust fund for their siblings. As such, you also need to ensure that these funds are managed and used in the best way possible. This is where the services of trust managers come in. Trust managers are individuals tasked with preparing trust records, handling taxes, and making payments to your beneficiaries. The powers of a trust manager are explicitly defined in the trust deed you sign.
Any trust manager should work in your best interests. As such,
Type of trust
If you are setting up a trust, you can be the trust manager as long as you are alive. However, in case you want to have someone else managing it, you should consider working with a trust manager. You can be a co-trustee or name a trustee to take over. Moreover, you can also create a testamentary trust. Ideally, the trustee or manager is found in the will.
Size of your trust
Having a family member manage the trust can be good for managing small trusts. However, this move does not often go well when selfish interests …