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More than mere vocabulary, these are foundational elements to any matter related to trusts.
A trustee must adhere to state laws and the terms of a trust. To properly administer the trust, the trustee has to fulfill certain duties and obligations within specified timeframes. Additionally, trustees are required to keep beneficiaries informed and act in their best interests throughout the process.
As long as there aren’t any trustee disputes, court involvement is usually not required. Trust litigation over trustee management may require judicial intervention.
Because trusts and trustee management can be so complicated and consequential, engaging an estate and trust attorney is essential.
As a fiduciary attorney with expertise in the legal and financial aspects of estate planning, your lawyer can help you successfully: