Your First 30 Days as A Trustee

You've been appointed a Trustee, Now what?

Understand your role of Trusteeship and become a better Trustee of the Family Estate.

Some questions that we will answer over the next several months:

What are my legal responsibilities as a trustee? Can I get sued?
What steps should I take to manage trust assets? How do I formally accept the role of trustee?
What should I expect in the first 30 Days as a Trustee?
When and how should distributions be made to beneficiaries? How do I handle conflicts among beneficiaries?
Should I hire professionals to assist with trust administration? How do I do that?

I am not an attorney or CPA and I don't play one on the internet. This is not legal, accounting, or investment advice. I am sharing what I have encountered as a Trustee in the last 10 years, so you can have a plan and avoid pitfalls. Always consult a legal and tax professional. And sometimes, get a second or third opinion.