Time and time again, people name one kid as a Trustee. That is a terrific way to make sure that your other kids and heirs will dispute the administration of the Trust.
He named his son, Lee Kun-hee, Trustee of his Trust. According to reports, Kun-hee was supposed to disperse the Samsung stock in the Trust to the recipients, including his bro and sister.
However, his siblings declare that he transferred the stock into his own name. They claim he unlawfully moved $877 million worth of stock.
If you have that much money, there is no reason not to work with an expert Trust Administrator. You do not even require anywhere near that much money to work with an expert. One of the key objectives of any estate plan should be to minimize the possibility of household dispute over the estate. When you name a relative as a Trustee, you do the specific opposite.
Talk to your estate planning attorney about employing a professional Trust Administrator to be the Trustee for your Trust.