If you have been asked to serve as a trustee, chances are you were initially flattered by the request. After all, it is quite an honor—a parent or other loved one thinks highly enough of you to entrust you with the management of a major portion of their life's savings. However, before agreeing to serve as trustee, it is important to consider the responsibilities involved.
Think Twice Before Deciding to Serve as Trustee
Blog Posts, Estate Planning
Excerpt
If you have been asked to serve as a trustee, chances are you were initially flattered by the request. After all, it is quite an honor—a parent or other loved one thinks highly enough of you to entrust you with the management of a major portion of their life's savings. However, before agreeing to serve as trustee, it is important to consider the responsibilities involved.
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