So — Now That You Have Been Named Trustee, What Do You Do?
Do you really want to be the Trustee of your parent's trust?
If you are a Trustee, do you really want to save pennies?
Who can you expect to sue you as Trustee?
What can you do to minimize your risk of being sued after you distribute the estate to the named beneficiaries?
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?
What fees can you expect for serving as Trustee?
What do you do when you cannot find a beneficiary? Who pays?
How long does a trust administration or trust termination take?
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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Geraldine E. Champion, Attorney at Law The Law Offices of Geraldine E. Champion 182 South 10th Street Grover Beach, CA 93433 Tel: (805) 473-4747
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