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MANAGING SOMEONE ELSE'S MONEY Help for Trustees under a  Form

MANAGING SOMEONE ELSE'S MONEY Help for Trustees under a Form

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Instructions and help about MANAGING SOMEONE ELSE'S MONEY Help For Trustees Under A

hi my name is Ellen cookman and today we're going to be talking about the many duties and responsibilities of Trustees I hope this will open your eyes to who's the best person to act as trustee and also if you've been named as trustee what does that mean for you as well okay so perhaps somebody's asked you if you could act as Trustee of their trust when they're sick or maybe somebody's talked with you about a trust protector what what are these roles and why might you be playing a role in this situation so I like thinking of a trustee as a fiduciary this is somebody who has lots of responsibilities and it's all laid out in the probate code the California probate code is basically the group of rules that governs probates and also governs Trust trustees have many duties under the law and we'll actually go through each of those duties but you really want to get it right if you're the trustee or you can get sued so as

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