Who can serve as a trustee in Delaware?

In Delaware, the law allows both individuals and corporate fiduciaries to serve as trustees. This flexibility is important as it enables the selection of a trustee based on the specific needs of the trust and the preferences of the trust creator. An individual can be anyone who is competent and capable of managing the trust's assets, while a corporate fiduciary refers to a financial institution or trust company that has experience in managing trusts.

This option recognizes the range of potential trustees, providing the trustor with the ability to choose someone with the necessary skills, knowledge, and reliability, whether that be a trusted family member or a professional entity. The other options are limited and do not encompass the full spectrum of individuals and organizations that can fulfill the role of a trustee under Delaware law.