When a trust is established, a fiduciary is appointed to manage and account for the testator’s funds. The fiduciary involved in a trust is called a trustee and has many important responsibilities, all of which may have serious legal implications.
Trust administration, while complicated, can be well-managed with the help of an experienced attorney. The trust administration attorneys at Keystone Law Group, P.C. can help trustees navigate the legal responsibilities they now have and better understand their duties in this position.
As a trustee, you have a certain number of important responsibilities that you are now expected to fulfill. Some of these responsibilities include the following:
All of these responsibilities are a legal requirement for trustees to uphold, and any mistake, whether intentional or accidental, could lead to troublesome legal issues. Fortunately, trustees can talk with an experienced trust administration attorney to get advice and assistance regarding their role. If there are disputes with the beneficiaries, our trust litigation attorneys can help.