Legal Question in Wills and Trusts in California
Family trust
Recently I became sole trustee of a friend's trust. Is this peculiar and am I at some risk?
Asked on 2/22/09, 2:03 am
1 Answer from Attorneys
Scott Linden
Scott H. Linden, Esq.
Re: Family trust
It is not so peculiar, but you do have responsibiities and fiduciary duties associated with being the trustee, breaching the duties could open you up to possible liability.
Most of your duties should be spelled out in the trust, but we would be happy to review it for you if you would like a better informed response.
We specialize in Estate Planning; wills, trusts and Probate and are located in Pasadena, CA.
If you would like some help, please feel free to contact me through the email address provided by LawGuru or through our firm's site at PasadenaEstatePlanning.com.
Answered on 2/23/09, 3:31 pm
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