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Trustee Acting with Respect to Property Held in Trust or Form

Trustee Acting with Respect to Property Held in Trust or Form

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What makes the trustee acting with respect to property held in trust or form legally binding?

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Instructions and help about Trustee Acting With Respect To Property Held In Trust Or

are trustees liable for their decisions let's find out I'm Christopher small I own CMS Law Firm we do estate planning probate blah blah blah we're good at it this is a question from a listener reader somebody if you're not following or asking questions what are you doing be curious ask me something I'll answer it okay um how do we get someone to be the trustee wouldn't they not want to be liable for it the answer is yeah if there was a tremendous amount of liability as an acting trustee then very few people would want to do it in most trusts that are drafted in my trust for example there is typically a clause that says as long as the trustee is doing their best as long as they are acting under the rules if they make a decision that doesn't work out the way that they thought they're not personally responsible for it okay just because they've invested something and it goes down doesn't mean they're re

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