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What are the duties of a Trustee?

By October 15, 2019

The Trustee of a trust administers the trust which requires the Trustee to take on a wide range of duties and responsibilities, including:

  • Following all trust terms unless they are illegal or unconscionable.
  • Communicating with beneficiaries.
  • Investing trust assets using the “prudent investor” standard.
  • Managing trust assets.
  • Distributing trust assets.
  • Keeping trust records.
  • Preparing and filing trust taxes.
  • Defending the trust against legal challenges.