What is a trustee’s duties?

A trustee’s duties are to administer a trust according to the trust agreement and the laws of the state in which the trust is formed. A trust is an arrangement in which a person or entity holds title to assets for the benefit of another person or entity. In California, trustees of trusts have a wide range of duties. These include the duty to manage the trust assets effectively, invest trust assets prudently, accurately keep records of trust assets and activities, make decisions in the best interests of the beneficiaries, account to the beneficiaries, and follow the instructions given by the settlor in the trust agreement. Trustees must also abide by the trust’s terms, including any instructions from the settlor on how to manage the trust assets and the trust agreement. This includes making sure that all taxes and debts are paid, that the trust assets remain safe and secure, and that the trust is managed and administered in accordance with the trust agreement. Trustees must also keep accurate records of all transactions related to the trust, and provide these records to the beneficiary upon request. Finally, trustees must act impartially with regard to the beneficiaries of the trust.

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