What Are the Duties of a Trustee of a Revocable Living Trust?

Attorney Thomas B. Burton discusses some of the powers and duties of a Trustee of a Revocable Living Trust and their role in administering the trust.



Transcript of Video: What Are the Duties of a Trustee of a Revocable Living Trust?


Today's question what are the powers

and duties of a trustee of a revocable

living trust we've talked before about

how revocable living trusts work but

today I want to talk a little bit about

the trustee and what their role is when

forming your revocable living trust you

want to pick someone to act as trustee

who is responsible and trustworthy with

money it's also a good idea to pick

someone who does a good job of managing

their own affairs because you're placing

this person in charge of managing your

affairs if you're incapacitated and

administering your estate after your

death a trustee is similar to a personal

representative under a Will in that

they will be in charge of administrating

your estate after death except if you

use a revocable living trust they will

be doing it without court supervision

that's an added reason that you want to

pick someone who is trustworthy and has

initiative to follow the instructions

you've laid out in your revocable living

trust each revocable living trust

differs but in general your trustee will

have broad powers to buy sell and

administer your

property following death look carefully

at the powers granted in your revocable

living trust and talk with your attorney

about which are appropriate for your

situation those are some of the powers

and duties of a trustee in general if

you form a revocable living trust you'll

often name yourself as the initial

trustee and you're married your spouse but

after your death is when it often or if

you're incapacitated comes into play

that a third party will serve as trustee

great question I hope this has been

helpful thank you for watching.


© 2019 Law Office of Thomas B. Burton. All Rights Reserved.

Transcript and captions provided for ease of access for the hearing impaired.

For questions about this topic, or to suggest a topic for a future blog post, please contact my office.

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