Trusts and 3rd party Trustees

[Daniel Ahern]

Hey BP people! Trust question for yous. I'm getting ready to write up my first trust. I've taken a course to understand them and ready to put pen to paper. The teacher of the Trust course is very reputable but I'm still a little uncomfortable using them as a 3rd party LLC for the trustee (like a trustee-for-hire). The other option would be to create my own LLC and pay $800 a year and deal with all the paperwork (now & annually). The 3rd party only costs $125 a year. They recommend building in the below safeguards: - a "friendly" trust deed. This would stay on title and basically require that a title company alert me if any transactions on the property occur. - Reverse Deed (from a non- owner Trustee to the Trust's Beneficiary ... Myself Well, that's the deal. Is it very common practice to hire out the Trustee "job" or is that cause for concern? Thanks