Bay Area Estate And Tax Planning Law Firm

Alameda County Trustee’s Responsibilities Law Firm

As the trustee of a trust, there are many legal responsibilities you must fulfill. Failure to do so can result in personal liability. At the Law Offices of Connie Yi, PC, I help those named as trustees discharge their duties under the trust document and fulfill their legal requirements.

I am attorney Connie Yi. For more than 10 years I have been providing legal counsel and advice to trustees throughout the Bay Area.

Trustee’s Responsibilities Law Firm In Cupertino

Being named as trustee is a great honor. It symbolizes the trust an individual has in your abilities to preserve his or her assets and manage finances for his or her beneficiaries. However, serving as a trustee also comes with many legal and ethical requirements.

As an experienced estate planning, probate and trust administration attorney, I understand the myriad of responsibilities facing those named as trustees. Many individuals feel overwhelmed by the tasks presented to them. At the Law Offices of Connie Yi, PC, I help clients fulfill their legal and ethical requirements under state and federal law while complying with the terms of the trust agreements.

When beneficiaries contest the terms of the trust, or the manner in which the trustee is managing the trust, I provide the strong legal representation trustees need during trust litigation to preserve their positions as trustee and avoid personal liability.

Discharging Your Duties As Trustee

In California, individuals who have been named as trustees must comply with a long list of requirements, including:

  • Maintaining control over and preserving trust property
  • Prudently investing trust assets
  • Informing beneficiaries about trust assets, expenses, debts and distributions through an accounting
  • Administering the trust, including making distribution of trust assets to beneficiaries, according to the terms of the trust document
  • Dealing impartially with all beneficiaries

In addition, trustees must be careful to manage and administer the trust solely for the benefit of the trust beneficiaries. This means the trustee can, under no circumstances, engage in transactions with the trust or act in any manner that indicates self-dealing or in any manner adverse to the interest of the beneficiaries.

Contact The Law Offices Of Connie Yi, PC

If you have been named trustee of a trust, you need an experienced attorney to ensure you perform your duties in accordance with state and federal law. Contact me, Alameda County lawyer Connie Yi, at 888-312-6978 to schedule a consultation. I speak fluent Mandarin and Cantonese.