- Willamette
- Support WU
- Gift Planning
- Ways to Give
- Charitable Remainder Trusts
- Choosing Your Trustee
Choosing Your Trustee
A trustee oversees the assets you place in a trust and administers the trust for the beneficiaries. Your trustee will:
- Make trust payments to you
- Invest the assets prudently
- Complete the necessary tax returns
- Notify you how much of your payments are taxable.
The most important qualities of a trustee are integrity and judgment.
You may decide to serve as your own trustee or name a professional advisor as your trustee. You can also choose a professional trustee, such as a bank or trust company. Many people name a professional as a co-trustee along with a family member. You will want to decide which traits are important to you.
| Which Trustee Is Right for You?
|
||
|---|---|---|
Corporate Trustee |
Personal Trustee |
|
| Expert professional management of trust assets | ● | |
| More personal attention | ● | |
| Experience | ● | |
| Lower costs | ● | |
| Continuity in management | ● | |
| Quickness in taking action | ● | |
Contact Us
If you are considering supporting Willamette University through a charitable remainder trust, please contact Steve Brier at 866-204-8102 (toll free) or 503-370-6022 (direct) or giftplanning@willamette.edu for assistance. We would be happy to help or provide you with more information.