Tag: trustee

Does a Trustee Need an Attorney?

The attorneys at Charles T Newland & Associates work with families on estate planning matters. We are helpful and reliable counselors that are here for you and your family.

When you are appointed as a trustee, you take on certain legal duties to the trust. Most importantly, you are obligated to place the trust interests ahead of your own. Not only do you owe a fiduciary duty to the estate, but you must also act with reasonable care in your capacity as a trustee. When you become a…

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Duties of a Trustee

trustee

When you create a revocable living trust, you will be able to manage and access the trust property until you pass away or become incapacitated. Then, a person you designated will need to take over the management role as your successor trustee. This trustee will have numerous duties and must conduct these duties while maintaining a high standard of…

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