or if not - Geunim – Law Together

Trustee’s Core Duties: Your Fiduciary Responsibilities

Meta Description: Serving as a trustee is a significant responsibility, demanding meticulous adherence to a complex set of fiduciary duties. Learn the core legal obligations—from the duty of loyalty and prudence to asset management and reporting—that every trustee must master to successfully administer a trust and avoid personal liability. This professional guide details the essential […]

accounts, and loyalty, and provide regular, asset management, Beneficiary, Breach of Duty, commingling assets, Duty of Impartiality, duty of loyalty, duty to inform, expenditures, grantor, health, honesty, often annual, or if not, prudence, Recordkeeping, reporting, skill, successor trustee, tax responsibilities, transparency, trust administration, trust assets, trust document, trustee duties, trustee liability