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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.