06 Aug Tip Tuesday
Welcome to Eagle & Fein, P.C.
Have you ever wondered what a Trustee is and how they are involved in a Trust? A Trustee is the person appointed by the Trustmaker to manage the property and assets of the trust. This role comes with a fiduciary duty, which means the Trustee must act in the best interests of the beneficiaries and follow the terms of the trust. Essentially, a Trustee is the legal owner of the assets held in the trust and has a range of responsibilities to fulfill. Whether the Trustmaker is alive, incapacitated, or deceased, the Trustee plays a crucial role in managing the trust. #Trustee #EstatePlanning #FiduciaryDuty 💼📜🔒
