Five Duties Of A Trust’s Trustee

Comments · 104

• EL

  @elainenilsson5472 · 4 years ago

  <a href="https://www.youtube.com/watch?v=7sgrGoXhAk4&amp;t=228">3:48</a> we finally get to &nbsp;the title of this video, 1. &nbsp;Trustee cannot borrow money from the trust. &nbsp;2. Trustee must not buy or sell directly to himself from the Trust. 3. Duty to keep and render clear and accurate accounts of activities for the year. 4. Duty to furnish information upon request.

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• LI

  @lindsayhengehold5341 · 3 years ago

  Estate planning is so important !

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• AN

  @annwaters9484 · 3 months ago

  Beneficiaries have the right to get a copy of the Trust but must make the request in writing.

• RO

  @robertarnobit5357 · 1 year ago

  For a trust to be legitimate, shouldn&apos;t the trustee be a non-member of a family? Meaning a trustee is someone that&apos;s not related.

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• LI

  @lindasamuelson6191 · 4 years ago

  Very Very Complicated and hard to understand !!!

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• SO

  @soberocsta · 5 years ago (edited)

  Thank you your video help a lot recently my mother&apos;s husband died and left me trust beneficiary I didn&apos;t understand my mother told me the deal and I&apos;m waiting for copy in the mail I had to give my information to her bank and when I get the letter I&apos;ll read the document. So you have a like &amp; new subscriber 👍

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• JE

  @jerrylewis2815 · 4 years ago

  This is scary &nbsp;- I am single a Covid Victim - lost everything almost my life. &nbsp;I had to move in with my parents and I have seen 1st hand how my brother and sister who have moved in with my parents 10 years ago are shielding the living will from my parents. &nbsp;... my parents have said they have been forced in a way not to include the other children as coe-owners of their properties &nbsp;due to those living with my parents and shielding them from their living will - they have even went so low as to designat themselves as trustees and in their opinion my parents are mentally incompetent in wanting to upgrade their living will. ... when I talked with my parents they stated that they were ok that their properties be equal divided in such a &nbsp;way that their will always be a roof over their heads and if one sells out to another that we kids have the properties managed in such a way that there be a roof over their heads - even if that means renting rooms out to pay for each years properties taxes &nbsp;- so their kids will always have a roof over their heads. &nbsp; ... if that is their wishes I have no problem with that ... but the 2 who have delegated themselves as trustees want to sell and move to HI ... I am scared that my parents wishes will be forgotten.

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• JE

  @jettnatchez4776 · 4 years ago

  Please explain that they don’t just give you information like that. You have to get a lawyer and money and go to court they can file for extensions as if a year isn’t long enough! They make money paying themselves for anything! Jesus they won’t say how horrible trusts are!

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• DA

  @dawnb6358 · 3 years ago

  Great info!!! I was named trustee of my own trust. Hopefully this makes things less complicated in the future.

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• LE

  @level2456 · 3 years ago

  Thanks for the video. What must happen if a Director is transgressing the rules?

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• PA

  @papandreasg · 4 years ago

  Very helpful! &nbsp; I wish you were in West Virginia. &nbsp; Any references? &nbsp; Thank you!

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• NI

  @nickperales2742 · 3 years ago

  Do you have any examples of conflict of interest from a trustee with a beneficiary?

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