09/01/2026
If you have more than one child, you probably know exactly which one is the “responsible one.”
The one who gets things done, the one you can count on, and the one whose name you’re tempted to put in the blank next to Trustee.
But before you do, ask a different question: What am I actually asking my child to take on?
A trustee has to:
• Manage investments and other assets
• Review requests for distributions
• Decide when a sibling gets money and when they don’t
• Keep records and handle administrative work
• Interpret the instructions you left behind
• Make decisions that could affect family relationships for years
And even if your child agrees to do all of that without taking a fee, that doesn’t mean the job is free.
There’s the time they’re not spending on their career, their own family, sleep, exercise, or everything else already filling their days.
And then there’s the emotional cost.
Imagine telling your brother that the trust Mom created isn’t going to pay for something he wants.
A professional trustee can say no and go home. Your daughter may have to see him at Thanksgiving.
That doesn’t mean you should never name a child as trustee. Sometimes a family member is absolutely the right person.
But “she’s the responsible one” isn’t enough of a reason.
Today, on The Death Readiness Podcast, I sit down with my longtime friend and trust advisor Alex Fisher to talk about what the job of trustee actually looks like behind the scenes.
We talk about how trustees decide whether to make distributions, what happens when the answer is no, how professional trustees make those decisions, what they look for before agreeing to serve, and why the trust you create today needs enough flexibility to still work decades from now.
And if you’re deciding whom to name as trustee, I hope it gives you a few more questions to ask before you fill in that blank.
Check out the full episode here:
What actually happens after a professional trustee takes over a tru...