Trusts Attorney in St. Louis, Missouri

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

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00:04
i think it’s important to speak with an
00:05
attorney after someone has been named a
00:07
trustee
00:08
again the state the state of missouri
00:10
has certain requirements for a trustee
00:14
and those could involve a notification
00:16
to the beneficiaries or providing
00:18
notification to
00:19
possible creditors that are out there
00:21
and if those
00:23
requirements aren’t met then the trustee
00:25
is left with either paying the bills
00:28
that weren’t paid through the trust
00:29
administration or paying taxes so it’s
00:32
basically a process that you want to to
00:35
comply with the statutory requirements
00:37
or else the trustee is liable for
00:40
whatever didn’t get done so you
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certainly want to have a lawyer just
00:43
advise you at least the requirements and
00:45
and then
00:46
understand what your obligations are
00:48
it’s protect the trustee
00:50
and in that role

St. Louis, MO estate & probate attorney Alicia Albus explains what to do if you’ve been named as a trustee. She believes it’s essential for anyone named as a trustee to consult with an attorney early in the process. In Missouri, trustees have specific legal responsibilities that must be followed, including providing notice to beneficiaries and, in some cases, notifying potential creditors. Failing to meet these statutory requirements can leave the trustee personally responsible for unpaid bills, taxes, or other obligations that arise during trust administration.

She emphasizes that seeking legal guidance helps protect the trustee by ensuring compliance with all necessary procedures. Even a single consultation with an attorney can clarify the trustee’s duties and obligations, helping them carry out their role properly and avoid costly mistakes or personal liability.

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