California Estate Planning Attorney explains legal responsibilities & serious liabilities of acting as the Trustee of a Trust. Book a Call at https://cunninghamlegal.com/bookyour... to make sure you avoid lawsuits or even jail as a Trustee.

If you are named as the Trustee of a loved one’s estate, you may at first think it an honor. Pretty soon, however, you may think it a burden. And eventually, you may well see it as a terrifying liability. Not only are the hassles high and the chance of errors higher—but your actions may trigger a lawsuit, or you may be held personally liable and potentially even go to jail if you do not follow the Trust and handle assets properly. If you do follow the Trust precisely, there are plenty of other laws that must be followed, and many are the Trustees who wish they had engaged a competent attorney to help them early on. In this important webinar, we’ll review the laws for Trustees to make sure you are fully informed and don’t expose yourself to excessive risk. Safety first!

In this legal webinar we cover the traps Trustees face like:

1. Lack of communication and knowledge
2. The expectations of an Executor
3. Ignoring fiduciary duties
4. Durable Power of Attorney
5. Trustees going “DIY”
6. Beneficiaries’ rights
7. Not considering a corporate or professional Trustee
8. The NoContest Clause
9. COVID
10. Blowing off mediation
11. Being untrustworthy
12. Rehashing childhood

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