Choosing a Trustee - Who Should Be A Trustee?
You cannot appoint anyone who is classed as a minor, i.e. a child under the age 18, as a trustee.
You can appoint someone over 18 and of sound mind to act for you. It is also possible for the life assured of a policy and a beneficiary of a policy to be trustees. If this is the case, it may be wise to appoint another trustee.
The maximum number of trustees on a policy is usually 4 but they can be changed by the settlor by using a Deed of Appointment.
When choosing trustees, you should bear in mind their duties:
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