It is critical to take your time when naming a trustee, picking someone you know will do a good job. Perhaps your first inclination is to pick one of your adult children. Maybe you have another relative that you can count on. Perhaps you want to use a professional. No matter what route you decide to go, take your time, consider the person very carefully and only make your selection when you feel fully confident that he or she can administer your trust properly.
You're thinking of setting up an irrevocable trust for your heirs. You're interested in a multitude of benefits, from the tax advantages -- which you do not get with a revocable trust -- to the control it gives you over how your heirs get and use their money.
You love your children, but you know that they're not great with money. Growing up rather wealthy, they take money for granted, not realizing how hard you had to work for it.