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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 3170
Experience:  Wills, Trusts, Probate & other Estate Matters
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What are the responsibilities of a trustee of an account? My

Customer Question

What are the responsibilities of a trustee of an account? My mother had me sign some paperwork to make me the trustee of her estate but i'm not entirely clear on what the responsibilities are.
Submitted: 2 months ago.
Category: Estate Law
Expert:  Infolawyer replied 2 months ago.

Hello and welcome. I am working on your answer and will be right back!

Expert:  Infolawyer replied 2 months ago.

The trustee has to take care of the terms under the trust. That means ensuring payments are made, taxes filed, debts paid etc. Normally a trustee retains an accountant and/or lawyer locally to assist, and pays same from the trust.

Expert:  Infolawyer replied 2 months ago.

Normally the trustee merely generally adminsters but has help in carrying out the terms of the trust with aid of an accountant, book keeper, and estate lawyer.

Expert:  Infolawyer replied 2 months ago.

Let me know if I can clarify anything.

If the answer is clear, please reply and let me know