John Humphreys: Placing trust in trustees

At a recent seminar, questions from the audience of advisers brought us on to the subject of trustees - and how and why to choose them. It is a decision that can have very long-lasting and far-reaching effects for families, and certainly one to be taken with due care and consideration. In the first place, transferring any assets into trust can be a very big decision for families and it is important not to underestimate the emotional complexity that can accompany it. Once made, equally important is the question of who should manage the trust. Acting as a trustee is a significant respon...