Who should be my Trustees?
A trustee can be anybody over the age of 18. There is no minimum or maximum number of trustees, but we would generally advise that you have two trustees.
If you want more than two, remember that all trustees will need to agree before the money is released and this will make any decisions regarding your money take longer on an administrative level.
Trustees should be people you trust, such as your partner, close family or friends. However we would generally advise against your partner becoming a trustee as the money will be legally held by them and therefore the money on trust may not be disregarded for the benefits rules, though this risk is minimal.
Most trusts we set up have two partners of White Dalton Solicitors acting as trustees. As solicitors we have to act in accordance with our Code of Conduct at all times and this may protect you if things go wrong, however, we will charge for our work carried out as trustees.