Who should be the trustee for my children’s trust?

In some cases, you may have your children’s appointed guardian also be the trustee. However, it may be that you feel their guardian will be a wonderful parent, but may not have strong financial management skills. In that case, you can certainly appoint a different trusted friend/family member to be the trustee. Look for someone who has financial management skills, a level head, and the ability to work with your child’s guardian in a constructive manner. You should definitely ask your appointed trustee if they would be ok acting in this capacity – they will need to manage your children’s trust and distribute funds as needed until the children come of age, so it is an important responsibility.