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3 Financial Guidelines for Trustees

Trustees have a fiduciary duty to impartially administer the trust with care and loyalty. The guidelines discussed below can help to ensure that a trustee is not found in breach of their duty. The consequences of violating a fiduciary duty are broad, ranging from penalties and damages to possible felony charges.
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Trustee | TrustCounsel

3 Mistakes to Avoid as Trustee

While a trustee might attempt to navigate trust administration independently, a lack of professional guidance could contribute to mistakes. These blunders could eventually develop into court proceedings (and related court costs), fines, penalties, and/or removal.
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