Trustees carry a heavy legal responsibility. They owe fiduciary duties to beneficiaries (including the duties of loyalty (no self-dealing), prudence, and impartiality) and the settlor (the person or persons creating the trust). The trustee must account for their actions and could be subject to legal action.
Trust law contains many pitfalls for trustees who are uneducated about the law or fail to take sufficient precautions to properly fulfill their duties. We help trustees administer trust estates by providing legal information, advice, and representation. We can also provide legal counsel to settlors and beneficiaries who feel their rights may have been violated by a trustee.
A trust is a relationship in which a person (or organization), the trustee, holds title to property for the benefit of another (the beneficiary). There are many steps a trustee must take in order to fully execute his or her duties, including: