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Topics

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  • Gail E. Mautner
  • Mary Lee Moseley

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  • Full Article (PDF)
November 25, 2014Publication

Trustee Selection: Choose Wisely if Your Family-owned Business Will Be Held in a Trust

Seattle Business

Lane Powell Shareholders Gail Mautner and Mary Lee Moseley authored an article in Seattle Business magazine’s December 2014 issue titled “Trustee Selection: Choose Wisely if Your Family-owned Business Will Be Held in a Trust.” In the article, Mautner and Moseley discussed the importance of trustee selection if your trust involves a family-owned business.

Unless tax considerations limit your choice, you will have a wide array of potential trustees to choose from, ranging from individuals to a corporate trustee. Your trustee could be a family member, a trusted employee, unrelated person or an individual professional fiduciary. Professional trust companies offer a range of services, along with expertise often not found in even the most talented single individual. Given the complexities and headaches of running a business, you may find that not all potential trustees are willing to assume the responsibility you are offering.

Before proceeding, please note:  If you are not a current client of Lane Powell PC, please do not include any information in this email that you or someone else considers to be confidential or secret in nature.  Prior to the establishment of a lawyer-client relationship, unsolicited emails from non-clients containing confidential or secret information cannot be protected from disclosure.

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