Representing the Executor / Trustee of an Estate FAQ

March 26, 2014
What fiduciary duties does a trustee need to fulfill?

What fiduciary duties does a trustee need to fulfill?

A trustee occupies a position of trust and confidence. If a trustee manages the property poorly, the beneficiaries bear the loss. The law regulates this risk […]
March 26, 2014
What is involved in paying debts and taxes?

What is involved in paying debts and taxes?

The assets of a trust revocable by the settlor at death are subject to claims of creditors and to payment of expenses of administration if the […]
March 26, 2014
How does someone inventory assets?

How does someone inventory assets?

The successor trustee has a fiduciary obligation to marshal and safeguard trust assets. The key to successful administration is timely and complete asset collection. Information about […]
March 26, 2014
What generally are the basic duties of a trustee?

What generally are the basic duties of a trustee?

The beneficiaries are the equitable owners of the trust property, which is different from bare legal ownership. The trustee is merely holding and managing the trust […]
March 26, 2014
Role of executor/trustee in distribution of estate?

Role of executor/trustee in distribution of estate?

An executor is an individual appointed as the personal representative of the decedent if the decedent died testate (if the decedent dies with a valid will […]