It’s easy to underestimate the role of a trustee until you’re wearing the hat yourself.
On this episode of The Wealth and Purpose Podcast, host Brady Fineske, CFP®, welcomes Donald Scott, Director of Estate Planning and Family Wealth Strategist at TFO Wealth Partners, to peel back the layers of this complex responsibility.
Donald shares how trustees juggle administrative, investment, and distribution duties and why “not knowing what you don’t know” can be a costly mistake.
- The difference between technical expertise and true wisdom
- South Dakota’s surprising advantage in trust law
- Why appointing family members can strain relationships
- How trust companies maintain continuity over generations
- And more
