Navigating Trustee Responsibilities: Tips for Success
Taking on the role of a trustee is a significant responsibility, encompassing various legal, financial, and ethical obligations. Understanding the scope of trustee responsibilities is crucial for anyone tasked with managing a trust. This role not only demands an awareness of the laws governing trusts but also a commitment to acting in the best interests […]
The Role and Responsibilities of a Trustee
A living trust is a popular estate planning tool that transfers assets to beneficiaries while avoiding probate. While the trustor is alive, they act as the trustee and maintain control over their assets. However, upon their death or incapacity, a successor trustee assumes the role and responsibilities of managing the trust and distributing its assets […]
