| So — Now That You Have Been Named Trustee, What Do You Do? |
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Do you really want to be the Trustee of your parent's trust?
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If you are a Trustee, do you really want to save pennies?
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Who can you expect to sue you as Trustee?
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What can you do to minimize your risk of being sued after you distribute the estate to the named beneficiaries?
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Is the decedent a professional, who could anticipate lawsuits brought by creditors? As Trustee, how do you prevent this outcome? What is your duty to the estate?
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What fees can you expect for serving as Trustee?
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What do you do when you cannot find a beneficiary? Who pays?
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How long does a trust administration or trust termination take?
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Advice from our law firm's
trust administration paralegal:
"If you want to have my job,
put another pot of coffee on to brew"
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