The Trustee Primer Guide For Personal Trustees: An In-Depth Guide for Navigating Your Responsibilities

What is a Trustee?

A trustee is a person who is appointed to manage and distribute the assets of a trust. Trusts are legal entities that are created to hold and manage property for the benefit of others. The trustee is responsible for carrying out the terms of the trust, which may include managing investments, distributing income, and making decisions about the use of the trust property.

The Trustee Primer: A Guide for Personal Trustees

by Andrew Davies

4.9 out of 5

Language	:	English
File size	:	6736 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	51 pages
Lending	:	Enabled

FREE

What are the Duties of a Trustee?

The duties of a trustee are outlined in the trust document. However, there are some general duties that all trustees must follow, including:

• Duty of Loyalty: The trustee must act in the best interests of the beneficiaries of the trust.
• Duty of Care: The trustee must exercise the same degree of care and diligence in managing the trust assets as a prudent person would in managing their own affairs.
• Duty of Impartiality: The trustee must treat all beneficiaries of the trust fairly and impartially.
• Duty of Disclosure: The trustee must provide the beneficiaries of the trust with regular information about the trust assets and how they are being managed.

What are the Liabilities of a Trustee?

Trustees can be held personally liable for any breaches of their duties. This means that if a trustee fails to carry out their duties properly, they may be sued by the beneficiaries of the trust. In some cases, trustees may also be held criminally liable for their actions.

The Trustee Primer Guide For Personal Trustees

The Trustee Primer Guide For Personal Trustees is an essential resource for anyone who has been appointed as a trustee of a trust. It provides clear and concise explanations of the trustee's duties and responsibilities, as well as practical guidance on how to carry out those duties effectively.

The book covers a wide range of topics, including:

• Understanding the different types of trusts
• The duties and responsibilities of a trustee
• How to manage trust assets
• How to distribute income and principal
• How to deal with conflicts of interest
• How to terminate a trust

The Trustee Primer Guide For Personal Trustees is written by a team of experienced estate planning attorneys. It is a valuable resource for anyone who wants to learn more about their responsibilities as a trustee.

Free Download Your Copy Today!

The Trustee Primer Guide For Personal Trustees is available for Free Download online and in bookstores. Free Download your copy today and get started on understanding your responsibilities as a trustee.

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The Trustee Primer: A Guide for Personal Trustees

by Andrew Davies

4.9 out of 5

Language	:	English
File size	:	6736 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	51 pages
Lending	:	Enabled

FREE