Episode Summary
Your estate plan is only as strong as the people you choose to carry it out. From trustees to guardians to powers of attorney, these roles require judgment, honesty, and responsibility. In this episode, Brian Chew explains how to select the right people, what qualities matter most, and the common mistakes families make when making these important decisions.
What You Will Learn in This Episode
- Why trust and good judgment are the top qualities to look for
- The risks of automatically naming the oldest child as trustee
- Political and family dynamics to consider when appointing decision-makers
- Pros and cons of naming co-trustees
- The most important factors in selecting guardians for minor children
- When it makes sense to use a professional trustee or corporate fiduciary
- How and when you can change your choices later on
Key Timestamps
00:01:30 – Why trustees operate with little oversight and why trust is critical
00:03:50 – Beyond trust: the importance of good judgment
00:05:00 – Family politics and risks of naming the oldest child by default
00:07:15 – Why co-trustees can create more conflict than resolution
00:09:45 – Choosing guardians for minor children
00:12:20 – How to amend or update trustee and guardian appointments
00:14:30 – The dangers of picking the wrong person to serve
00:15:30 – When to consider a professional trustee or corporate fiduciary
Show Description
Choosing the right people to carry out your estate plan is one of the most important—and often overlooked—parts of planning. In this episode, Brian Chew shares practical insights on how to select trustees, guardians, and powers of attorney. He explains the traits that matter most, the family dynamics that can create conflict, and why sometimes a professional or corporate trustee may be the best option.
