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Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, can ... A trustee carries the fiduciary responsibility and liability to use the trust ...

Understanding the Duties and Responsibilities of a Trustee ...


Understanding the Duties and Responsibilities of a Trustee and what you will need to do at the grantor's incapacity and death.

A Brief Overview of a Trustee's Duties - Elder Law Answers


Dec 11, 2014 ... Fiduciary Responsibility. As a trustee, you stand in a "fiduciary" role with respect to the beneficiaries of the trust, both the current beneficiaries ...

General Responsibilities and Authority of Trustees


Terms: Trustee: The trustee is the person or entity (e.g., a bank or other corporation) who holds legal title to the trust property. Res/trust property: The subject ...

12. What to Expect From a Trustee - The Estate Planning Council of ...


If you are a trust beneficiary, what should you expect from your trustee? If you ... Basically, a trustee is charged with the responsibility of managing the trust assets.

Can You Trust Your Trustee? - Investopedia


All trustees bear a fiduciary responsibility to the beneficiaries of a trust. The trustee is required to manage the trust assets in accordance with the wishes of the ...

If Asked To Serve As Trustee For Someone's Estate, Think Hard


Jun 21, 2013 ... Before you agree to act as trustee for any part of someone's estate, there ... cases , the personal representative has a short-term responsibility.

Trusts: Should You Serve as Trustee? | Nolo.com


It's an honor to be chosen as a successor trustee of a loved one's trust -- the person in charge of wrapping up the trust after the death of the person who created it ...

Duties of Executor and Trustee — Gilmore and Gilmore Professional ...


There a number of duties an executor or estate trustee is responsible for completing. These executor duties will contribute to Executor Compensation.

Executor and Trustee Guidelines - Inheritance - Fidelity


The trustee acts as the legal owner of trust assets, and is responsible for handling any of the assets held in trust, tax filings for the trust, and distributing the assets ...

Popular Q&A
Q: Trustee Responsibilities.
A: A beneficiary of a trust does have rights in some circumstances. The trust document and the California Probate Court dictate the circumstances under which a tru... Read More »
Source: www.avvo.com
Q: What is the Secretary of the Board of Trustees responsibility? Is...
A: Both answers depend on what organization it is. Read More »
Source: answers.yahoo.com
Q: RE in a Trust - trustee responsible?
A: Again, trust your instincts. If it's not safe, don't take a risk. Have you considered legally changing your name? If MA insists on playing hardball with everyth... Read More »
Source: www.city-data.com
Q: What if the trustee refuses to carry out those responsibilities? ...
A: They are define in the trust document, and their is no universal statement for ALL trusts. Look over the trust document, and then if their is a violation, you c... Read More »
Source: en.allexperts.com
Q: Trustee Responsibilities for Individual Retirement Accounts.
A: The trustee gives you the paperwork to establish your IRA. It is up to your IRA trustee to establish the account. This means providing you with paperwork that d... Read More »
Source: www.ehow.com