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The Rise of Trustee Lawsuits: Why Modern Trusts Are More Litigious Than Ever
For decades, serving as a trustee was viewed as a largely administrative role—honoring the grantor’s wishes, managing assets prudently, and distributing funds as directed. Today, that assumption no longer holds. Trustee lawsuits are increasing, and many of them are...
Video for Trustees on How to Avoid Being Sued
This video should be required for anyone who is or contemplating the role of a trustee. Below are the key subjects from the video. Before you say yes to becoming understand the meaning of fiduciary duty. Black's law dictionary defines a fiduciary as One who owes to...
The Thankless and Precarious Job of Being a Trustee
If you have never been asked—or told—that you will serve as a trustee, you may not realize that the request often marks the beginning of one of the most frustrating and underappreciated roles a person can assume. Serving as a trustee is rarely viewed as a job at all,...
Assessing Your Risk Level for Being Sued as a Trustee
Trustee actions or inactions will determine your level of risk for litigation The comparison chart below can help a trustee determine how their behavior and circumstances assess their level of risk for being sued. A level of "low risk" takes the position of using...
What’s the difference between life and trustee insurance?
Life Insurance Protects the People You Love When an individual with a living trust—also known as the trustor or grantor—purchases life insurance, the purpose is typically to provide financial protection for loved ones after death. In many cases, the living trust is...
Why do I need to buy Living Trust Insurance
Trustee's duties to manage trust can lead to liability The purpose of a trustee is to manage and administer a trust in accordance with its terms and for the benefit of the trust's beneficiaries. Here's a breakdown of the trustee's role: 1. Fiduciary Duty A trustee has...