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Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. ... The trustee may ...

Understanding the Duties and Responsibilities of a Trustee ...


If you have been named as a trustee or successor trustee for someone's trust, you ... However, as trustee, you are ultimately responsible to the beneficiaries for ...

General Responsibilities and Authority of Trustees


The interest the trustee holds for the beneficiaries. Fiduciary: A person or institution who manages money or property for another and who must exercise a  ...

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 ...



However, especially where the representative is also a beneficiary, family battles ... to Heuer, it exceeded its role as trustee and breached its duty of impartiality.

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


Jun 21, 2013 ... The role of trustee does not come into being unless the estate includes a trust—a ... Trusts exist in order to benefit and protect beneficiaries.

Guidelines for Individual Executors & Trustees | Section of Real ...


Beneficiary - A person for whose benefit a will or trust was made; the person who ... as an executor or trustee, you will be held responsible for understanding and ...

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


There a number of duties an executor or estate trustee is responsible for completing. ... Executors owe a duty of care to an estate and its beneficiaries. Claims in ...

Fiduciary Duties of Trustees - Robert D. Mitchell, Attorney


Including duties of a trustee to a trust and its beneficiaries, particularly regarding ... investment and financial matters charged to the trustee's responsibility.

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


The person who chose you considered you trustworthy and responsible, someone ... With most living trusts, the settlor is also the first trustee and beneficiary.

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A Brief Overview of a Trustee's Duties - ElderLawAnswers


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 ...

Duties of the Trustee - National Paralegal College


When there is more than one trustee, each co-trustee is responsible for all functions in the ... The trustee is under a duty of absolute loyalty to the beneficiaries.

What to Expect from a Trustee - The Estate Planning Council of Seattle


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.