Hello ,

Serving as a trustee is an honor, but it also comes with serious responsibilities. In our latest episode of the Elder Law Report, we explored what trustees need to know, including their fiduciary duties, common mistakes to avoid, and best practices for success.

Whether you’re currently serving as a trustee, may be appointed in the future, or are considering creating a trust for your loved ones, this information is essential.

🔑 Key Takeaways from the Episode

✔ Trustees have fiduciary duties. This means acting in the best interests of beneficiaries, managing assets carefully, and following the trust document’s instructions.

✔ Record-keeping is essential. Every transaction should be documented—beneficiaries have the right to request a full accounting.

✔ Avoid common pitfalls. Mixing personal funds with trust funds, using trust money for personal benefit, or ignoring trust terms can lead to legal and financial consequences.

✔ Communication matters. Keeping beneficiaries informed builds trust and prevents disputes.

✔ Help is available. If administering a trust feels overwhelming, our office can guide you—or even step in as trust administrator.

🎙️ Why This Matters for You

Current clients: If you’ve appointed a trustee in your estate plan, make sure they understand these duties.

Potential clients: If you’re planning ahead, trusts can be a powerful way to protect assets and provide for loved ones.

Former clients: Life changes—if you already have a trust, it may be time for a review to ensure it still meets your goals.

Thank you for reading our e-newsletter dedicated to protecting your assets and planning for long-term care. We look forward to assisting you with strategic legal solutions that ensure your peace of mind.

Greg McIntyre

Elder Law & Estate Planning Attorney 

P.S. Sharing is caring! Forward this newsletter to someone who may benefit from understanding the power of Revocable Living Trusts.