What Is A Trustee
A trustee is the person or institution responsible for managing trust assets according to the trust document. The trustee may invest assets, make distributions, keep records, communicate with beneficiaries, and follow fiduciary duties. Choosing the right trustee is an important part of making a trust work properly.
Video Transcript
Question: What Is A Trustee?
Answer: A trustee is the person or institution responsible for managing trust assets according to the trust document. The trustee may invest assets, make distributions, keep records, communicate with beneficiaries, and follow fiduciary duties. Choosing the right trustee is an important part of making a trust work properly.
This information is provided for general educational purposes for individuals and families considering estate planning, trust planning, incapacity planning, or probate matters in Boca Raton and throughout Florida. Every family situation is different, so legal documents should be reviewed with a qualified Florida estate planning attorney before relying on any general information.
What Is A Trustee?
A trustee is the person or institution responsible for managing trust assets according to the trust document. The trustee may invest assets, make distributions, keep records, communicate with beneficiaries, and follow fiduciary duties. Choosing the right trustee is an important part of making a trust work properly.
For help applying this information to your own estate plan, contact Cohen Samuels, PLLC in Boca Raton at (561) 600-1250.
