Pros:

• The know the people involved
• They have personal history and familial trust and respect.

Cons:

• If there is a contested situation it puts family members at odds with beneficiaries.
• It is important to pick someone who is organized, and who was good communication skills.

Pros:

• This is their jobs. Just as there are lawyers, accountant, and doctors, there are professional trustees who are trained, licensed and experienced in dealing with families trusts.

Cons:

• You pay for their services.
• This person you pick may not outlive you. They need to learn the family dynamics involved.

You can find a Professional Trustee on the Professional Fiduciary Association of California.

Pros:

• These are businesses built around managing trust assets and dealing with beneficiaries. They should have access to the most resources for investing and managing assets.

Cons:

• These organizations can be very expensive and bureaucratic – at least in comparison with the other options.