Whether your Trust is a Revocable Trust or an Irrevocable Trust, there are certain responsibilities that the appointed Trustee will be bound to and must uphold. Serving as Trustee can be time consuming and complex but it does not have to be. Having a great Attorney, C.P.A. and Financial Advisor surrounding you is an asset when the time comes to perform your responsibilities and when looking for guidance in certain situations.
One large responsibility of the Trustee is to make sure that there is a prudent investment of Trust Assets but this is not the only responsibility. The specific duties and powers of the Trustee will depend on the instructions and provisions that were built into the Trust Agreement by the Grantor / Settlor. The powers that are granted to the Trustee by the Grantor/ Settlor vary and can be very restrictive or broad. In either case the Trustee has a fiduciary responsibility and must follow a rigid standard of care whenever performing functions of the Trust. Some of the basic Duties of the Trustee are to:
o Distribute Trust Income to Designated Beneficiaries according to the Trust terms / instructions
o Prudently Invest the Trust Assets
o Maintain and Hold Trust Property such as Real Estate, Investment Accounts, etc.
Our Rating is calculated using information the lawyer has included on
their profile in addition to the information we collect from state
bar associations and other organizations that license legal
professionals. Attorneys who claim their profiles and provide Avvo
with more information tend to have a higher rating than those who do
What determines Avvo Rating?
Experience & background
Years licensed, work experience, education
Legal community recognition
Peer endorsements, associations, awards
Legal thought leadership
Publications, speaking engagements
This lawyer was disciplined by a state licensing authority in .
Disciplinary information may not be comprehensive, or updated. We recommend that you always check a lawyer's disciplinary status with their respective state bar association before hiring them.