[WSBAPT] Trustee choice for Minor Settlement Trust, SPR RULE 98.16W(j)(3)(C)

[Michael Geoghegan]

Hi All,

I am drafting a Trust to hold settlement funds for a minor, to be approved in King County Ex Parte.  Client wants to name a family friend as the Trustee. The friend is capable but is not a professional fiduciary. SPR Rule 98.16W(j)(3)(C) requires the Trustee or Co-Trustee to be a "bonded or insured fiduciary" to serve as Trustee or Co-Trustee.

Must the Trustee be a professional fiduciary, not a regular human who puts up a bond with the court?

-Michael


Michael Geoghegan
Northwest Strategy and Planning, PLLC
t: 206.353.5592
e: michael at nwstrategyandplanning.com

w: nwstrategyandplanning.com<http://nwstrategyandplanning.com> | LinkedIN<https://www.linkedin.com/in/michael-geoghegan-5893407>

Scheduling: https://northwest-strategy-and-planning-pllc.appointlet.com


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