The tasks of the Trustee of a trust, whether it is a living trust or a testamentary trust, surround those of any fiduciary relationship, which indicates there is not just a moral and ethical responsibility, however a legal one too.
The duties of the Trustee of a trust, whether it is a living trust or a testamentary trust, surround those of any fiduciary relationship, which suggests there is not only an ethical and ethical obligation, however a legal one as well.
A Trustee is charged with managing the property of a trust for the advantage of the called beneficiaries within the trust documents– along these lines, three Trustee responsibilities include:
1.Managing and safeguarding trust property with transparency.
2.Providing accounting and reporting of the trust property.
3.Following proper accounting procedures.
Recording an inventory of the property of the trust, along with any liabilities of trust;
A trust lawyer can assist you understand your rights as a recipient, they can review the regards to a trust and describe their influence on you. A trust lawyer may also help you produce a trust that can assist fulfill the estate planning goals of your family.