Although choosing a trustee for your land trust is an important thing you have to do for your property or assets, it is also a hard decision to make. Should you choose a private trustee or a banker or other institution? Although it may seem like an easy task, it isn’t. Here is some more information how how you can choose to search for a private trustee or an institutional one. Pros and Cons of Choosing a Private TrusteeThere are many advantages and disadvantages of choosing a private or individual trustee for your land trust. Keep reading to learn more.Pros for Choosing a Private TrusteeCheaper than an institutional trusteeMay serve as your private trustee for freeHave more knowledge about you and your property or assetsWill only work for the beneficiary and not for more than one clientHas an interest in the beneficiary’s well beingKnows your needs and desiresCons for Choosing a Private TrusteeMay not know enough information about the trust recordsMight need professional help even with a private trusteeDoes not have enough experience in making decisions for investments or distributionIs not experienced enough in managing the trustCan be easily influenced and may fight with family or friendsMay cause problems with taxes and may undermine creditorsPros and Cons for Choosing an Institutional TrusteePros for Choosing an Institutional TrusteeIs more experienced in investments, trusts, record keeping, and the laws for trusts.Is unbiased since not related to the property owner.Is knowledgeable in decision making for the trust. Cons for Choosing an Institutional Trustee Will be more expensive than a friend or family memberIs not available 24 hours per day, seven days per week like a private trustee can beMay not be as understanding of your needs for the trust like a friend or family member isThinking about each pro and con for private trustee and institutional trustee and weighing them will help you make a final decision for your preferred trustee. Take your time and really weigh them together. Although it seems that an institutional trustee may be the best decision, it is very important to really think about each advantage and disadvantage of both types. Choosing the right one for your trust is the first and most important step in forming the trust for your property or assets. After choosing the right one, you can then move on to the next steps in forming the trust for your most important assets and property.