Legal Question in Wills and Trusts in Nevada
i am named as a fidisuary on a will/trust.i am also in trust to recieve all residual. do these two conflict?
Asked on 11/21/11, 5:46 am
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
It is not a conflict as long as you don't mismanage the funds for other beneficiaries. Often the fiduciary personal representative is also a beneficiary of a will or trust. Your job in that capacity is to carry out the instructions of the will or trust including distributing the funds to the beneficiaries as instructed.
Answered on 11/21/11, 6:31 am