I’ve been named a trustee. Should I hire a lawyer to guide me?

Eden Prairie, MN Estate Planning Attorney Karen Schlotthauer talks about whether or not you should hire a lawyer if you’re a trustee.

Contact Karen Schlotthauer

Email: [email protected]

Phone: (952) 995-9500

Transcript:

Do you need to hire a lawyer if you’re the trustee? In my opinion, absolutely. You are a fiduciary, you know a trustee acts in a fiduciary role; you owe the trust beneficiaries a fiduciary duty. There are documents to provide, timelines to meet, lots of different requirements and our job is not only to lead you through the process but to make sure that you’re protected from a fiduciary liability standpoint as well.